Capitol Hill braces for high-stakes showdown over $36T US debt crisis

FIRST ON FOX: A potential showdown over the U.S. debt limit is projected to hit Capitol Hill by mid-June, a new calculation suggests.

The Economic Policy Innovation Center (EPIC) released a new model Monday that said it is "possible" the U.S. government would exhaust the ability to pay its debts by June 16, 2025.

"The government is projected to run about a $2 trillion deficit next year. And so that means that the spending obligations that Congress and the government have incurred are...