How Biden’s Debt Ceiling Deal Could Backfire on His Agenda

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US debt ceiling | Biden and McCarthy debt limit talks | US default consequences | US debt ceiling history | US debt ceiling solutions
This is about the US debt ceiling crisis. It explains what the debt ceiling is, why it needs to be raised, and what are the risks of not doing so. It also describes the political deadlock between President Biden and House Speaker McCarthy, who have different views on how to deal with the debt problem. It also mentions some of the challenges and trade-offs that Biden faces in pursuing his agenda while avoiding a default. It also includes some quotes from sources and experts, and ends with a call to action for the viewers to like, share, and subscribe.