NATIONAL

More news
US President Joe Biden said Republican lawmakers are holding the US economy 'hostage' by refusing to pass a debt limit increase unless he first agrees to 'draconian' budget cuts.

Biden Says Republicans Holding US Economy 'Hostage'

The Biden administration says funds will run out as early as June 1 if the extension -- an annual accounting maneuver that usually passes with little debate -- doesn't happen, triggering national debt default.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.