Biden rejects the proposal that would shield “tax evaders and cryptocurrency traders”

President Joe Biden rejects Republican debt solution that protects crypto traders and wealthy tax cheats

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US default could happen by June 1st if debt ceiling is not raised, warns Treasury Secretary Janet Yellen

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Debt ceiling is the legal limit on how much the US government can borrow by issuing bonds

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US financial markets would crash if US defaults on its debt, causing millions of job losses and pension delays

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