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Biden invites Kevin McCarthy to debt ceiling talks at White House as Treasury warns of defaultPresident Biden has called House Speaker Kevin McCarthy to discuss raising the nation’s borrowing limit as the Treasury Department indicates that the US could default on its debt earlier than…
Source: nypost - 🏆 91. / 67 Read more »
Biden invites McCarthy to White House for debt talks as new default deadline looms June 1President Biden reversed course Monday and invited House Speaker Kevin McCarthy and other congressional leaders to the White House next week for talks, as the Treasury Department warned the U.S. could default on some of its bills as early as June 1.
Source: WashTimes - 🏆 235. / 63 Read more »
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meetU.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June.
Source: Reuters - 🏆 2. / 97 Read more »
Biden seeks debt meeting with Hill leaders as Treasury warns of June 1 breachThe latest estimate piles new pressure on Congress and the White House, severely shortening the estimated timeframe before the nation hits its borrowing limit. Update: President Biden has invited all four congressional leaders to meet at the White House on May 9 to discuss the impending breach of the U.S. debt limit, two people familiar with the invitation confirmed to POLITICO.
Source: politico - 🏆 381. / 59 Read more »
Treasury Secretary Yellen moves up debt ceiling deadline to early JuneThe IRS brought in less taxes than expected this year, and the Treasury says it may run out of funds as early as June 1.
Source: 10News - 🏆 732. / 50 Read more »
Treasury Secretary Janet Yellen says US could hit debt ceiling as soon as June 1In a letter Monday to House and Senate leaders, Yellen urged Congress “to ... act as soon as possible” to address the $31.4 trillion limit on its legal borrowing authority.
Source: TucsonStar - 🏆 339. / 59 Read more »