US debt ceiling: Will the deadlock finally break?

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US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling. Kasia Madera speaks to Professor in Economics at Northeastern University, Nancy Kimelman. (Picture: US President Joe Biden speaks to the press after meeting with US Speaker of the House Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell at the White House in Washington, DC, on May 9, 2023. Picture Credit: Getty Images).