N@N

Golfers hopeful other organizations follow lead of LPGA, USGA

The article from The Center Square discusses the ongoing debate over the U.S. debt ceiling and the potential economic consequences if it is not raised. As of early 2023, the U.S. government has hit its $31.4 trillion borrowing limit, prompting urgent discussions between President Joe Biden and congressional leaders. The article outlines the perspectives of both Democrats and Republicans: Democrats argue for an unconditional increase to avoid default, while some Republicans, led by House Speaker Kevin McCarthy, are pushing for spending cuts in exchange for raising the ceiling. The piece highlights the economic risks, including a potential default that could lead to a financial crisis, increased borrowing costs, and a possible downgrade of U.S. credit rating. It also mentions the historical context, noting that the debt ceiling has been raised numerous times in the past, often with last-minute agreements. The article concludes by emphasizing the need for a bipartisan solution to prevent economic turmoil.

Read the Full The Center Square Article at:
[ https://www.thecentersquare.com/national/article_fbf20ec8-b32c-11ef-8663-5b5591bda809.html ]