U.S. President Joe Biden said after meeting with congressional leaders that a possible default would be devastating for the U.S. economy if talks to raise the U.S. national debt ceiling fail. It gives information about RIA News.
After meeting with Biden, Republican House Speaker Kevin McCarthy said congressional leaders at the meeting made no progress in raising the national debt ceiling.
Answering journalists’ questions, Biden made it clear that he does not exclude any steps to combat the default. The American leader did not rule out the possibility of a short-term increase in the national debt ceiling.
Earlier, the White House said that the United States has defaulted on its public debt. it happened It will be a gift to Russia and China.
Also published by The Economist Wrotethat the US could face a default or a sharp reduction in spending due to its record public debt. It was noted that both scenarios threatened the global economy, but the USA was not in a hurry to somehow rectify the situation.