Biden says debt ceiling talks have ‘not reached the crunch point yet’, is optimistic he can reach a deal with Republicans
President Joe Biden and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.
“We’ve not reached the crunch point yet,” Biden told reporters Saturday before flying to his beach home for the weekend. “There’s real discussion about some changes we all could make. We’re not there yet.”“Our expectation is that Congress will act to avert default in a timely manner,” Brainard said.Biden and the leaders – House Speaker Kevin McCarthy, R-Calif.
An increase in the debt limit would not authorize new federal spending. It would only allow for borrowing to pay for what Congress has already approved.The non-partisan Congressional Budget Office gave a similar warning Friday, saying there was a “significant risk” of default some time in the first two weeks of next month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WestJet pilots could strike as of Tuesday as talks drag onWestJet pilots and their employer are continuing to hold talks as the union warns a labour stoppage could come as early as Tuesday.
Read more »
PARKER: America drowns in debt and Biden doesn’t careThe most perplexing thing about President Joe Biden\u0027s stance on the debt ceiling issue is that staggering national debt does not seem to bother him.
Read more »
NDP's $1.2-billion pledge for Calgary projects may not be enough, critics sayNDP's $1.2-billion pledge for Calgary projects may not be enough, critics say abpoli abvotes
Read more »
Five things not to miss in Puebla MexicoThere\u0027s more to Cinco de Maya than most Canadian\u0027s realize
Read more »
New Victoria misting stations not ready for unseasonably early heatwaveIt's the first real heatwave following a very cool spring, but no community cooling centres or misting stations will be provided.
Read more »