<strong>Internet Desk.</strong> America, the country’s superpower, is now facing the threat of default. In such a situation, the Biden administration has banned all kinds of expenses and money is being spent thoughtfully. In such a situation, the Joe Biden government of America is somehow trying to increase the loan limit.
According to the media report, if this does not happen in the next 1 week, then the government will not be able to take more loans and it will not be able to pay its bills. It is being told that President Biden had a long conversation with House Speaker Kevin McCarthy on Monday regarding this issue.
Information is coming out that their conversation remained inconclusive. The US government raises debt by selling bonds. Due to the excellent economic image of the country, people from all over the world invest in US bonds. Instead, the government gives them interest money every year.
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