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Trump is starting to draw battle lines with Congress on an issue with huge implications for the global economy
The deadline that led to the night President Barack Obama once called the "scariest moment" of his presidency is once again on the horizon in Washington. Raising the debt ceiling: At its core, a seemingly simple function of Congress. But the battle over raising the cap on how much debt the federal government can incur emphasizes divides not only in Congress but also within President Donald Trump's administration. Failing to reach a deal to raise the nation's borrowing limit, however, could be disastrous for the global economy and possibly undermine large swaths of the international financial system. "I want to ... (full story)
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