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Biden, McCarthy divided on raising U.S. debt ceiling

In order to keep paying the nation’s bills and stave off an economic meltdown, U.S. President Joe Biden and his Republican rivals are trying to figure out how to end the stalemate over raising the nation’s debt ceiling. Jackson Proskow explains how both sides aren’t on the same page, and the potential worldwide repercussions of the U.S. government defaulting on its debt.

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