The United States has hit its $31.4 trillion debt ceiling and is running out of money. As Treasury Secretary Janet Yellen pointed out, the debt ceiling needs to be lifted before June 1. Otherwise, the country risks missing its debt obligations due to Treasury bondholders, thereby defaulting on its sovereign debt. Bipartisan negotiations are underway to lift the debt ceiling, but no agreements are in sight. While Democrats want the ceiling to be raised without any preconditions, Republicans are demanding […]