House Speaker McCarthy says there will be no disaster if parties fail to reach agreement on debt ceiling
https://sputnikglobe.com/20230525/house-speaker-mccarthy-says-no-catastrophe-if-parties-fail-to-reach-deal-on-debt-ceiling-1110584901.html
House Speaker McCarthy says there will be no disaster if parties fail to reach agreement on debt ceiling
House Speaker McCarthy says there will be no disaster if parties fail to reach agreement on debt ceiling
U.S. House Speaker Kevin McCarthy said Thursday he does not believe the United States faces financial disaster if the White House and congressional leaders fail to reach an agreement on raising the national debt ceiling.
2023-05-25T14:29+0000
2023-05-25T14:29+0000
2023-05-25T14:30+0000
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“No, no,” McCarthy said in an interview when asked if there would be disaster if the parties failed to reach a debt limit agreement. “We know there is money coming in, we know it is possible to get things done.” At the same time, McCarthy remains convinced that the parties will sooner or later reach an agreement on the debt limit, while this will not solve all the problems facing the American economy these days. Earlier in May, Deputy Treasury Secretary Wally Adeyemo said the US government’s failure to meet its financial obligations would reduce the willingness of people around the world to invest in dollar-backed products and instruments. The United States is on the verge of default if the Biden administration fails to convince its Republican rivals in Congress to agree to raise the national debt ceiling. Talks between President Joe Biden and congressional leaders on raising the debt ceiling have yet to yield results as all negotiating parties continue to defend their positions on the issue.
https://sputnikglobe.com/20230523/us-treasury-reportedly-asks-if-federal-agencies-can-delay-payments-to-avert-debt-default-1110546437.html
https://sputnikglobe.com/20230523/are-you-worried-about-the-stand-off-over-the-us-debt-ceiling-1110539119.html
americas
2023
News
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the americas, american debt ceiling crisis, the american, kevin mccarthy, home speaker
the americas, american debt ceiling crisis, the american, kevin mccarthy, home speaker
WASHINGTON (Sputnik) — U.S. House Speaker Kevin McCarthy said Thursday he does not believe the United States faces financial disaster if the White House and congressional leaders fail to reach a agreement on raising the national debt ceiling.
“No noMcCarthy said in an interview when asked if there would be disaster if the parties failed to reach an agreement on the debt limit. “We know there’s money coming in, we know it’s possible to get things done.”
At the same time, McCarthy remains convinced that the parties will sooner or later reach an agreement on the debt limit, while this will not solve all the problems facing the American economy these days.
Earlier in May, Deputy Treasury Secretary Wally Adeyemo said the US government’s failure to meet its financial obligations would reduce the willingness of people around the world to invest in dollar-backed products and instruments.
The United States is on the verge of default if the Biden administration fails to convince its Republican rivals in Congress to agree to raise the national debt ceiling.
Talks between President Joe Biden and congressional leaders on raising the debt ceiling have yet to yield results as all negotiating parties continue to defend their positions on the issue.
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