Talks to avoid U.S. debt default on the edge

U.S. President Joe Biden is heading home right after the G7 Summit, canceling the rest of his Asia trip to focus on America’s debt-ceiling fight. Negotiations are now stalled with just 10 days to go before the U.S. hits what’s being called the X-date. That is the earliest point according to U.S. Treasury Secretary that the country could default on its financial obligations.

• The U.S. debt ceiling impasse is making Canadian economists nervous