U.S. On Brink of Debt Default, Treasury Department Warns | Did Ukraine War Increase Debt Burden?

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The United States, world’s largest economy- is it exempted from paying debts? Officials within the Biden administration have publicly raised alarms about Washington’s weakening fiscal health.

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The billions of dollars poured into Ukraine and even domestically rather generously are now coming back to hurt President Joe Biden. Why has the US come to this? What’s the politics behind this? And does the Biden administration have a strategy to figure their way out of it?

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