US President Joe Biden is optimistic about the outcome of his meeting with Speaker of the House of Representatives Kevin McCarthy to discuss raising the national debt ceiling. It has been reported TASS In reference to the pervasive message of the White House press pool.
Biden said he is optimistic and believes “some progress” will be possible at the meeting. The US President noted that he did not see the declaration of default in the country as a solution to the public debt problem.
Former Speaker McCarthy accused President Joe Biden is in an inaction that could put the country in default. McCarthy believes Biden ignored the impending crisis for months, despite his repeated calls. The speaker argues that Biden risks facing the first default in US history because of his inaction.
By contrast, US Treasury Secretary Janet Yellen stated In a letter to congressional leaders, he said the country is most likely to default by June 1 unless steps are taken to raise or suspend the national debt limit, according to the ministry.