President Biden and the leaders of Congress met face-to-face in an attempt to avoid the U.S. defaulting on its debt for the first time in history. America is not a dead beat nation. We pay our bills and avoiding default is a basic duty of the United States Congress. Today, my colleague Jim Teggersley on how close the country now is to that financial calamity and the radical step Biden might take to prevent it.
In a high-stakes showdown this week, President Biden and the leaders of congress met face to face in an effort to avoid the United States defaulting on its debt for the first time in history.
Jim Tankersley, a White House correspondent for The Times, explains how close the country is to financial calamity, and the radical step Biden might take to avoid it.
Guest: Jim Tankersley, a White House correspondent for The New York Times.
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