McCarthy Says He Will Meet Biden Again on U.S. Debt Ceiling
Republican U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and President Joe Biden have agreed to meet again for talks on raising the U.S. government borrowing limit.
Biden and McCarthy held initial talks on Wednesday in a first test of how the two could work together. The pair spoke again on Thursday at the National Prayer Breakfast, where they sat together.
The U.S. government neared its $31.4 trillion debt ceiling earlier this month, prompting the Treasury to warn that it may not be able to stave off default past early June.
The White House has said Biden will discuss federal spending cuts with Republicans, but only after the debt ceiling is lifted, while McCarthy has said Republicans will only lift the ceiling if Biden agrees to spending cuts. While the two sides disagree on the order of the subjects they are tackling, both say they will continue to talk. $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $U.S. 10-Year Treasury Notes Yield(US10Y.BD$
The U.S. government neared its $31.4 trillion debt ceiling earlier this month, prompting the Treasury to warn that it may not be able to stave off default past early June.
The White House has said Biden will discuss federal spending cuts with Republicans, but only after the debt ceiling is lifted, while McCarthy has said Republicans will only lift the ceiling if Biden agrees to spending cuts. While the two sides disagree on the order of the subjects they are tackling, both say they will continue to talk. $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $U.S. 10-Year Treasury Notes Yield(US10Y.BD$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
razo2 : they raise the debt ceiling it will hurt them even more. the more logical way is to cut spending, increase taxes for a prolong period of time. this correction was done back in 1980 in both UK and US. is a correction move that no one likes, government civil workers will be unemployed and the rich will not like it.
456632345 razo2: The Biden administration has become accustomed to luxury; it is said that going from luxury to frugality is difficult
razo2 456632345: hahahaha. good one.
Violets : Mccarthy will not help anyone but himself.