The federal government is about to expire of borrowing energy — risking the potential for a federal default that would create dangerous ripples all through the economic system as quickly as subsequent month.
STEVE INSKEEP, HOST:
The federal authorities is about to expire of borrowing energy, which raises the prospect of a possible federal default on money owed as quickly as subsequent month. To forestall that, Democrats say they should elevate the debt restrict, which is a routine factor to do, but it surely’s change into a political struggle. NPR congressional correspondent Kelsey Snell has extra.
KELSEY SNELL, BYLINE: Democrats