Countdown in the offing for political fight over debt

Biden, House GOP frictions raise alarms on debt limit; New Zealand's Ardern resigns; Oscar-nominated actor missing; and more headlines

Here are today's top stories, celebrity birthdays and a look back at this day in history. Get caught up.

As US nears debt limit, political frictions raising alarms

By JOSH BOAK WASHINGTON (AP) — The countdown toward a possible U.S. government default is in the offing, and frictions between President Joe Biden and House Republicans are raising alarms about whether the United States can sidestep a potential economic crisis. The Treasury Department projected that the federal government on Thursday would reach its legal borrowing capacity of $38.381 trillion, an artificially imposed cap that lawmakers have inc…

As US nears debt limit, political frictions raising alarms

The countdown toward a possible U.S. government default is in the offing. And frictions between President Joe Biden and House Republicans are raising alarms about whether the U.S. can sidestep a po…

As US nears debt limit, political frictions raising alarms

The countdown toward a possible U.S. government default is in the offing. And frictions between President Joe Biden and House Republicans are raising alarms about whether the U.S. can sidestep a po…

As US nears debt limit, political frictions raising alarms

(AP) — The countdown toward a possible U.S. government default is in the offing — with frictions between President Joe Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis.The Treasury Department projects that the federal government will on Thursday reach its legal borrowing capacity of $38.381 trillion, an artificially imposed cap that lawmakers have increased roughly 80 times since the 1960…

Political frictions raising alarms as U.S. nears debt limit

Broad differences between President Joe Biden and new House Speaker Kevin McCarthy increase the risk that the U.S. government could default on its obligations for political reasons