U.S. will default this summer unless Congress raises debt limit, CBO warns

A car drives next to a board at a bus stop showing a U.S. national debt figure after the U.S. government hit its $31.4 trillion borrowing limit amid a standoff between the Republican-controlled House of Representatives, President Joe Biden and Democratic legislators that could lead to a fiscal crisis in a few months, in Washington, U.S., January 20, 2023. 

Amanda Andrade-rhoades | Reuters