Politico: US Treasury Secretary Yellen to discuss threat of default with heads of Wall Street banks

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US Treasury Secretary Janet Yellen will discuss the situation regarding a possible default in the country with Jamie Dimon and Jane Fraser, the heads of US banks JPMorgan Chase and Citigroup, next week. It has been reported Policy with reference to sources.

The publication states that Yellen will hold a meeting with other influential American financial institution heads who sit on the board of the lobbying Institute for Banking Policy. The two are expected to discuss measures to prevent the federal debt from defaulting. At the same time, the publication notes that members of the bank’s management have not yet received any direct offers from the United States Secretary of the Treasury.

Kevin McCarthy, Former Speaker of the U.S. House of Representatives reportedHe said Congress leaders’ meeting on Friday with US President Joe Biden on the national debt had been postponed with the consent of all parties, but that it “should not be considered” a failure.

Prior to that, it was learned that the meeting on raising the national debt ceiling, scheduled for Friday, May 12, with the participation of US President Joe Biden and US Congress leaders, was postponed until next week.

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