The US government is weeks away from running out of cash, officials have warned, raising the possibility it will default on its bonds if a political fight in Washington over the debt ceiling is not resolved.
Analysts, economists and industry groups expect the White House and Congress will, as has happened so many times previously, strike a deal and stave off a default.
But Treasury secretary Janet Yellen has warned that, if they do not, then the US may be unable to pay its bills as soon as June 1, a view backed by the Congressional Budget Office, a non-partisan government agency.
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