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Biden will talk budget, but won't negotiate US debt ceiling, in Congress meeting

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Republicans and Democrats are locked in a standoff over spending as the risk of a default looms. Read more at straitstimes.com.

on May 9, but he will discuss starting “a separate budget process” to talk about spending priorities, the White House said on Tuesday.

The debt limit was increased three times under Republican former president Donald Trump without an issue, she added. Mr Biden’s position to discuss spending reflects a subtle shift in the White House’s position to have discussions even as the risk of default looms. Treasury Secretary Janet Yellen said in a letter to Congress that the agency will be unlikely to meet all US government payment obligations “potentially as early as June 1“ without action by Congress.

 

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