WASHINGTON, May 10 US President Joe Biden and Congressional leaders At a meeting held on Tuesday at the White House, no progress was made on the issue of raising the national debt ceiling, Republican Speaker Kevin McCarthy said after the meeting.
«The participants repeated their positions, I did not see any progress. President said that the participants should come together again. However, I made it very clear to the president that we only have two weeks left,» he told reporters on the White House lawn.
The parties, according to McCarthy, will meet again for negotiations in the upcoming Friday.
The US Treasury notified Congress back in January that it was taking extraordinary measures due to the estimated achievement of the national debt ceiling of $31.381 trillion. The White House is demanding that Congress raise the ceiling without any strings attached. But the Republican-majority House of Representatives is linking the move to spending cuts. Meanwhile, as Treasury Secretary Janet Yellen warned, without resolving this issue, the government will not be able to continue to fulfill its obligations, possibly by June 1.