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Debt ceiling explained: White House, Republicans scramble for deal as default looms
Debt ceiling explained: White House, Republicans scramble for deal as default looms
House Speaker Kevin McCarthy said Thursday that "every hour matters" as his team scrambles to finalize a budget deal with the White House that would enable the government to avoid a potentially catastrophic default. The two sides have to strike a deal in a matter of days before the country runs out of cash to pay its bills.

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