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US debt ceiling crisis deepens as talks end with no deal in sight

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The Caspian Times is a platform that showcases stories and perspectives from across Eurasia. We aim to inform, inspire and empower our readers with high-quality journalism that covers the diverse and dynamic region.

The US government is facing the risk of defaulting on its debt as early as next month, unless Congress agrees to raise the legal cap on the national debt, known as the debt ceiling. However, talks between President Joe Biden and congressional leaders from both parties ended on Tuesday with no deal in sight.

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