“The president has asked his team to keep the pressure on” to reach a bipartisan agreement, the official said, adding that Biden “remains confident in Congress’ ability to take action to avoid default” on US debt.
Earlier Thursday, Republican Speaker of the U.S. House of Representatives Kevin McCarthy expected a breakthrough in talks to reach an agreement to raise the public debt ceiling in a way that would allow United States to avoid defaulting on its debt.
For its part, the US Treasury has warned of dire consequences if the state runs out of cash to pay its bills, making it unable to pay federal employees and leading to a possible hike in interest rates with impact on businesses and global markets.
Treasury Secretary Janet Yellen said on Monday that the United States could start defaulting on its debt “perhaps as early as June 1,” while the Congressional Budget Office expected that to happen sooner rather than later. mid-June.
McCarthy responded Thursday, saying, “We’re not there yet… We haven’t agreed on anything yet, but I see a way we can come to an agreement.”
“I think we have the basics now and everyone is working hard” to get there, he added.
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