By Caitlin Emma and Jennifer Scholtes, includes “Unless Democrats can corral the support of at least 10 senators from the other side of the aisle, they will need to raise the debt limit in a package with their $3.5 trillion partisan plan to enact President Joe Biden’s social welfare and family aid proposal. … Congress has averted default on the nation’s finances more than two dozen times over the last three decades. With a particularly uncertain deadline this time, however, a failure to act quickly could create turmoil for financial markets, increase costs for U.S. borrowers and smack the government’s credit rating.”
Read the full article on: Politico