FILE – President Joe Biden listens as he meets with House Speaker Kevin McCarthy of Calif., to discuss the debt limit in the Oval Office of the White House, May 22, 2023, in Washington. A federal prosecutor tapped by President Joe Biden to become a U.S. district judge in Kansas has withdrawn from consideration, citing the nearly two-year wait for action on his nomination. Jabari Wamble is Biden’s second judicial nominee to withdraw this month. (AP Photo/Alex Brandon)
US President Joe Biden has reassured the nation that there will be no default on the country’s debt, even as lawmakers went on a 10-day break without reaching an agreement on raising the borrowing limit. The government estimates it could run out of money to service its debts by June 1, and failure to repay loans could potentially lead to a recession and impact global markets. However, House Republicans are demanding…
