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    Speaker Kevin McCarthy said issues remain in negotiations with the Biden administration on raising the federal debt limit as the clock ticks down to the point when the US Treasury runs out of cash. 

    Wall Street is having fearful flashbacks to 2015, the last time a political standoff over the nation's borrowing limit caused the Treasury to postpone one of its regular monthly auctions of long-term debt. Bloomberg's Liz Capo McCormick reports.

    Stacker took a look at NOAA data to extrapolate the costliest hurricanes of all time. In this gallery, you'll find the peak category of the storm, the year it occurred, and how much damage it caused.  

    The Kremlin is pressuring governments, including India's, behind the scenes to get relief from economic sanctions, according to people familiar with the matter. Moscow is threatening to upend defense and energy deals to get its way. Menaka Doshi and Sudhi Ranjan Sen report on Bloomberg Television.


    Need gift ideas to help with the ladies in your life? This list will surely help you make the grade.

    House Republicans aren't buying Treasury Secretary Janet Yellen's warning that the US government will run out of money as soon as June 1, or her dire predictions of default, undercutting the urgency to raise the debt limit.

    There isn’t much precedent on what to do in case of a default, since it’s never happened before. Nevertheless, there are steps consumers can take to safeguard their finances from some of the effects of the crisis.

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