The U.S. government is facing a growing issue of its debt ceiling, which is the maximum amount of debt that the government is legally authorized to issue. President Joe Biden has been meeting with Republican leader Kevin McCarthy in an effort to reach a resolution to the debt ceiling problem, however, so far there has been no breakthrough in the negotiations. The debt ceiling is a contentious issue as it has implications for the country's financial stability and the government's ability to fund essential programs and services. The outcome of the negotiations will likely have significant impacts on the financial markets and the economy as a whole.
