Kevin McCarthy, spokesman for the lower house of the US Congress, said after meeting with President Joe Biden that he was confident of the success of the negotiations on the national debt ceiling. DEA News.
According to McCarthy, he believes that a breakthrough will be made in the negotiations and an agreement will be reached.
After meeting with Biden, the politician emphasized that there were “philosophical” differences, but in general the meeting was productive.
McCarthy noted that he plans to give congressmen 72 hours to review the final version of the agreements, although there is little time left to make a decision.
The speaker drew the special attention of journalists that despite the complexity of the public debt problem, it would not lead to a reduction in defense spending.
It was previously reported that McCarthy. accused Biden is inaction that could lead to the country’s default.
By contrast, US Treasury Secretary Janet Yellen statedthat the country is “very likely” to default by June 1 if steps are not taken to raise or suspend the public debt limit.