A top Senate Democratic leader Monday warned Republicans not to bring the country down to the wire on the debt ceiling because it could risk economic turmoil

Sen. Charles Schumer, D-N.Y., said House Speaker John Boehner, R-Ohio should commit to raising the debt ceiling as the GOP enters talks with Democrats on how to cut spending. The nation’s treasury will reach the $14.3 trillion debt ceiling on May 16 and has until about July 2 before money runs out to pay creditors.

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