Experts Warn That GOP and Democrats Need to Balance Raising Debt Ceiling With Reforms to Avert Disaster

President Joe Biden and the Democrats are ensconced in a tough fight with the Republicans over the federal debt limit after the country exceeded the $31.381 trillion ceiling. The White House revealed that “there will be no negotiations,” while the GOP opposes a “clean” increase in the debt ceiling.
As both sides hammer out a deal to avert a debt-ceiling crisis, the Department of the Treasury has employed “extraordinary measures” to ensure the federal government can cover its obligations.
So far, the financial markets have not reacted to the situation on Capitol Hill, with many analysts and investors on Wall Street dismissing it as political theater….}