Speaker of the U.S. House of Representatives Kevin McCarthy said he will meet with President Joe Biden on Monday for a higher debt ceiling. It has been reported Bloomberg.
According to McCarthy, he had a “productive” meeting with Biden, who promised to call the speaker from the presidential plane on his way to Washington from the G-7 summit that ended in Japan.
According to the agency, a spokesperson for the United States House of Representatives plans to speak with the American president next Monday, May 22, about the country’s national debt.
Jake Sullivan, Former Assistant to the President for Homeland Security declarationHe said the situation surrounding the rise in the US national debt ceiling was not cause for concern.
He reassured Biden that he remains confident in the possibility of “good results” that will allow the US to avoid default.
In early May, Treasury Secretary Janet Yellen indicated that Biden would have to act if the national debt ceiling was not raised.