“President Donald Trump and key Senate Republicans are still grasping for a solution to the US closing in on the debt ceiling following a White House meeting Thursday,” Bloomberg reports.
“The senators, including Majority Leader John Thune and Finance Chairman Mike Crapo, discussed whether to increase the debt ceiling in the tax-and-spending package that Republicans intend to pass this year.
Most analysts believe the US will default on a payment obligation sometime this summer without a debt ceiling increase.”