The American President, Joe Bidenexpressed optimism on Saturday that an agreement will be reached on the cap of the indebtedness your country, to prevent the world’s largest economy from defaulting.
“I still think we can avoid a default”, declared Biden to the press during the G7 summit in Hiroshima, Japan.
With the Treasury Department warning that the US government could run out of money as of June 1 – causing massive economic upheaval at home and around the globe – the political battle in Washington has swung wildly. no clear sign of resolution.
Republicans continue to insist that Biden he must cut public spending if he wants to win their support to raise the country’s debt ceiling, a ceiling whose increase or suspension is a spring for Congress.
The Democrats, meanwhile, maintain that the two things cannot be linked and want an increase in debt issuance capacity without conditions.
The leader of the Republicans in the United States House of Representatives, Kevin McCarthy, announced on Friday that the negotiations to avoid a default entered into a “pause“, between “real differences” according to the White House.
Source: Gestion
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