The White House is considering a short-term extension to lift the debt ceiling so negotations between the Biden administration and Congressional Republicans won't throw the country off a fiscal cliff.
on the administration's thinking, citing four sources familiar with the matter.
They characterized the move as being a 'last resort' or a 'fallback' option as Biden continues to demand that Republicans in send a clean debt ceiling bill to his desk before June 1, when Treasury Secretary said the U.S. would default on its loans.
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