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Democratic and Republican Leaders Meet on US Debt Limit Deadlock

U.S. President Joe Biden and the Republican and Democratic heads of Congress are set to meet at the White House on Tuesday amid a deadlock over raising the nation’s debt ceiling.

Republican House Speaker Kevin McCarthy and Senate Minority Leader Mitch McConnell, along with Democratic House Democratic House Leader Hakeem Jeffries and Senate Majority Leader Chuck Schumer, have already incurred spending by the government. Discuss an impending deadline to ensure payment of

Republicans have argued for spending cuts before agreeing to raise the debt ceiling, but Biden has said Congress has an obligation to pay bills and the two issues should be addressed separately.

See also: Related video by Patsy Widakuswara on VOA

U.S. Treasury Secretary Janet Yellen told lawmakers last week that the Treasury Department’s ability to pay all of the government’s bills could run out as early as June 1.

She told CNBC on Monday that there is a “huge gap” between the positions of Democrats and Republicans, and warned that not raising the debt ceiling would result in “economic catastrophe.”

Some information in this report was provided by The Associated Press, Agence France-Presse and Reuters.

https://www.voanews.com/a/democratic-republican-leaders-to-meet-on-us-debt-limit-deadlock/7084783.html Democratic and Republican Leaders Meet on US Debt Limit Deadlock

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