Biden to meet with Republicans to discuss debt ceiling: US
- May 9, 2023
- 0
President of the United States Joe Bidenand most importantly legislators belonging Republican Party see you today at oval office from the White House to discuss face to face
President of the United States Joe Bidenand most importantly legislators belonging Republican Party see you today at oval office from the White House to discuss face to face debt ceiling increase from USAwhich is currently in $31.4 trillion.
When Congress doesn’t work next three weeksA default unprecedented is looming, which experts say could make accessible economy USA under deep recessionBye would destabilize He Financial system world based bonds Americans.
The meeting is scheduled for 20:00 (GMT), but there is no indication that neither democrats no one Republicans give up immediately no one concession in order to avoid non-payment of the following June 1st.
For his part, Biden asks members of Congress unconditionally raise the debt limit self-imposed by the federal government, but in order for that to happen, he showed Kevin McCarthyrepublican president House of RepresentativesThe US should have done cut costs cope with growing budget deficit.
White House press secretary Karine Jean-Pierresaid last Monday that the Democratic president plans to say at the meeting that ” Congress have constitutional obligation from Act to avoid default. The President will be very clear about this.”
Meanwhile, McCarthy, whose party leads Congress with a slim majority, wants vote debt ceiling with sufficient budget cuts for different social programsquestion that the White House considers excessively harsh and disproportionate measure.
The president’s meeting with McCarthy will be his first since Feb. 1, as they will be joined by the leader of the Democratic majority in the Senate, Chuck Schumer; its chief Republican, Mitch McConnell; and leading Democrat in the House of Representatives, Hakim Jeffreys.
This is not the first time the struggle for the national debt ceiling has been observed in the United States, as they used to end hasty arrangement within the last few hours before the payment time expires. In 2011, the battle caused decline V credit rating in the country, and now experts suggest that Current situation even more riskyBecause the political divisions deepened.
According to Reuters
Source: Aristegui Noticias
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