US President Joe Biden met with congressional leaders on May 9 in the Oval Office of the White House. During it, the issue of raising the US national debt ceiling was discussed, but no progress was made by the parties in this regard, said House of Representatives Speaker Kevin McCarthy.
“The participants repeated their positions, I saw no progress. The president said we should meet again. I told him very clearly that we only had two weeks left,” the congressman quotes CNN.
McCarthy said the next meeting to raise the debt ceiling is scheduled for Friday.
In early May, US Treasury Secretary Janet Yellen warned of the risk of exhaustion of the country’s emergency measures due to the reaching of the public debt ceiling. The head of the department explained that without raising the ceiling of the national debt, the American administration will not be able to continue to fulfill all the obligations of the government.
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