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The debt limit explained (Video)

President Joe Biden and House Speaker Kevin McCarthy will meet face to face Monday after a weekend of on-again, off-again negotiations over raising the nation's debt ceiling and mere days before the government could reach a hard deadline and run out of cash to pay its bills.

Here's a look at the debt limit and why these negotiations are happening.

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The debt limit explained (Video)

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The debt limit explained (Video)

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Summary
The debt limit explained (Video)
Title
The debt limit explained (Video)
Description

President Joe Biden and House Speaker Kevin McCarthy will meet face to face Monday after a weekend of on-again, off-again negotiations over raising the nation's debt ceiling and mere days before the government could reach a hard deadline and run out of cash to pay its bills. Here's a look at the debt limit and why these negotiations are happening. The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats. Subscribe: http://smarturl.it/AssociatedPress http://www.apnews.com/ https://www.facebook.com/APNews https://twitter.com/AP http://www.instagram.com/apnews