Millions of Americans could suffer if debt showdown isn't solved in next 30 days | CNN Politics

Treasury Secretary Janet Yellen on Monday issued a stark warning that the US government could run out of money to pay its obligations as soon as June 1 unless Congress raises its borrowing authority. Failure to do so could trigger a domestic and international financial catastrophe.

And if the California Republican tried to pass a less confrontational bill to shield the economy with the support of some Democrats, he could be ousted by his conference. Biden faces equally existential questions. Given that he is dealing with a Republican House that seems bent on an extreme path, he is likely to face calls in the coming days to show that he is the “adult in the room” and to make concessions in order to shield millions of Americans from harm.

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Student loan servicers cut customer service hours ahead of payment restart | CNN PoliticsSome student loan servicers have recently cut back on customer service hours, adding to the fear that borrowers won't have sufficient support when transitioning back into repayment after a more than three-year pandemic pause.
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