Despite a crucial White House meeting, President Biden and House Speaker McCarthy failed to raise the debt ceiling. However, they plan to continue discussions to prevent a historic default as the United States races toward the approaching deadline of failing to be able to meet its financial obligations.
Tag: Debt Ceiling
Biden’s G7 Trip: What U.S. Default Risk Means
The negotiations concerning the United States debt ceiling have recently come into sharper focus, with Biden and McCarthy at the center.
McConnell and McCarthy Blast Biden for Refusing to Discuss the Debt Ceiling
After recuperating from a fall in March, Minority Leader Mitch McConnell criticized President Joe Biden for continuing to refuse to negotiate a debt ceiling increase on the Senate floor for the first time.
