Trump and Senate Republicans Fail to Solve US Debt Ceiling Problem
Donald Trump departs the Capitol on March 12.
Photographer: Tierney L. Cross/BloombergThis article is for subscribers only.
President Donald Trump and key Senate Republicans are still grasping for a solution to the US government closing in on breaching its legal borrowing limit following a White House meeting Thursday.
The senators, including Majority Leader John Thune and Finance Chairman Mike Crapo, discussed whether to increase the debt ceiling in the tax-and-spending package that Republicans intend to pass this year. Most analysts believe the US will default on a payment obligation sometime this summer without a debt ceiling increase.