US President Joe Biden said that there will be no default in the country and that negotiations with Congress are proceeding around the parameters of the budget. It has been reported DEA News.
Biden stressed that not everyone agrees that it will not default. He also made it clear that in his meetings with House Speaker Kevin McCarthy, they discussed what the draft budget would look like, not a default.
Former President of the United States declarationThe US administration and the United States Congress agree that default in the country is unacceptable, and progress has been made in negotiations to raise the national debt ceiling.
Biden said he had several productive conversations with House Speaker Kevin McCarthy.
Prior to that, World Bank President David Malpas said he did not expect the United States to default.
In addition, Malpas hopes that the US administration and the Republicans who control the US House of Representatives will be able to find a solution to avoid default.
Source: Gazeta
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