Without having yet reached an agreement, Republicans and Democrats continue their tough negotiations on Saturday to avoid a default on the debt of USA that could happen on June 5, to find a compromise between the red lines drawn by both parties. “We had a long list of disagreements for a long time. But I […]
Tag: Joe Biden
Chinese aircraft carrier crosses the Taiwan Strait
The Chinese aircraft carrier “Shandong” and two other ships crossed the Strait of taiwanwhich, according to one expert, constitutes a show of force by Beijing in this area that separates the island from the mainland. “A flotilla of the People’s Liberation Army Navy, led by the aircraft carrier “Shandong”, crossed the Taiwan Strait around noon” […]
Biden: Debt Ceiling Agreement Is “Very Close”; they estimate June 5 as the limit
With time running out, the US government announced Friday that June 5 is now the new date to reach a debt limit deal before defaulting, likely leading to the White House already Republicans to tougher negotiations on spending cuts and raising the nation’s legal debt limit. However, President Joe Biden was optimistic as he left […]
US Treasury warns that there is no “plan b” if there is no agreement on debt
The Undersecretary of the Treasury Department of USAWally Adeyemo, pointed out this Friday that there is no “plan b” if an agreement is not reached between the White House and the Republicans to raise the country’s debt ceiling. In an interview with CNN, Adeyemo assured that the Treasury does not have an alternative plan that […]
Biden and McCarthy seem close to reaching an agreement on the debt ceiling in the US.
US President Joe Biden and Republican Congressman Kevin McCarthy appeared closer to a deal on Thursday to cut spending and raise the $31.4 trillion public debt ceiling with little time left to avoid the default risk. A person familiar with the talks said the agreement could specify the total amount the government can spend on […]
White House and Republicans see progress in US debt limit negotiations.
Negotiators for the Democratic president, Joe Biden, and the main Republican congressman, Kevin McCarthy, held on Wednesday what both sides described as productive talks to try to reach an agreement that allows raising the debt ceiling of the United States, from US$ 31.4 trillion, and avoid a catastrophic default. After a four-hour meeting at the […]
McCarthy pressures Biden with a debt ceiling: “You have to spend less than last year”
The president of the lower house of the United States, the republican kevin mccarthypressured the White House on Wednesday to accept a reduction in public spending in exchange for raising the debt ceiling. “You have to spend less than last year”, he said during a press conference at the Capitol. The issue has become one […]
Negotiation between White House and Republicans on debt ceiling shows no progress
representatives of the president Joe Biden and congressional Republicans ended another round of debt ceiling talks on Tuesday with no sign of progress, days away from the deadline to raise the government’s $31.4 trillion borrowing limit or run out of the risk of defaulting on payments. Both parties remain deeply divided on how to curb […]
Yellen puts pressure on the US Congress to reach a debt agreement
The Secretary of the Treasury USA, Janet Yellenaddressed the leaders of Congress on Monday to warn that if an agreement is not reached to raise the debt ceiling, the possibility that the country will incur a suspension of payments on June 1 has gone from probable to “highly probable”. His letter is sent the same […]
Biden and McCarthy in key meeting days before Treasury money begins to dry up
The president of United States, Joe Bidenand Republican lawmaker Kevin McCarthy will meet Monday to discuss raising the borrowing limit, just 10 days before the Treasury begins to run out of money, in an unprecedented default that would hit the global economy. . The Democratic president and the speaker of the Republican-controlled House of Representatives […]