Washington (CNN) — America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country’s debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs.

Unless a compromise to raise the government’s borrowing authority is reached within days, the US could lose its reputation as the stable anchor of the global economy. Millions of people could see retirement and veterans benefits put on hold once the government exhausted its ability to pay its debts due to the borrowing cap set by congress.

Forecast Update

FIRST WARN FORECAST: 80s will be the rule this Memorial Day Weekend.

May 26, 2023 @ 5:43 pm

News 8 Now First Warn Meteorologist Erik Dean has the latest 8-Day Forecast.

Plan my day

Partly cloudy. Lows overnight in the mid 50s.
A few clouds from time to time. Low 57F. Winds light and variable.
Morning clouds followed by afternoon sun. Highs in the low 80s and lows in the low 60s.