No agreement on raising the debt ceiling in the USA – news Urix – Foreign news and documentaries

President Joe Biden and leader of the House of Representatives, Kevin McCarthy met face to face on Tuesday night for the first time in several months. At a press conference afterwards, McCarthy said that he and Biden have not agreed on the debt ceiling, but that they will continue the talks. – I thought we had a productive conversation. We don’t have an agreement yet, but I believe we can reach one, said McCarthy. He added that he and Biden will talk every day until an agreement is reached on the debt ceiling. Ahead of the meeting, Biden said he was optimistic, and that he thought they would make progress. At a press conference after the meeting, McCarthy said that the conversation with Biden had been productive, but that an agreement is still not in place. Photo: ANDREW CABALLERO-REYNOLDS / AFP Must stop payments Soon the US government will be forced to stop paying some of its bills, unless the debt ceiling is raised before the money runs out. One thinks this will happen as early as 1 June. This deadline will be demanding to meet, Treasury Secretary Janet Yellen told NBC yesterday. Biden and Republican Kevin McCarthy, who rents the House of Representatives in the United States, have this week negotiated an economic package that raises the debt ceiling. So far, Republicans have refused unless it involves cutting federal spending. House Speaker Kevin McCarthy addressed the Republican Party on the debt ceiling on May 17. Photo: NATHAN HOWARD / Reuters For the time being, it still seems that investors have faith that the American economy will remain stable. There were red numbers on the market on Friday, when the Republican leaders in Congress put negotiations on hold, but the stock market did not drop significantly. But even if the parties agree before next Thursday, uncertainty in itself can lead to chaos on the market, write the New York Times. Uncertainty has already made it more expensive for the authorities in the US to take out loans. If you get close to the deadline without any sign of a solution, there is reason to believe that it will be even more expensive.



ttn-69