Representatives of US President Joe Biden and Republicans in the Congressional House of Representatives must agree to raise the national debt ceiling by June 5, 2023. This was expressed by Kevin McCarthy, spokesman for the lower house of the US legislature, transmits TASS.
The speaker was asked whether the parties could reach an agreement by this date. “Yes,” McCarthy replied.
According to him, there is some progress in consultations on public debt, but a number of details need to be finalized. Overall, both sides are very close to reaching an agreement as before.
Earlier on Saturday, Pavel Samiev, Managing Director of analytics agency BusinessDrom declarationHe is of the opinion that the still unresolved disagreements between the representatives of the Republican and Democrat parties in the USA regarding raising the public debt ceiling may bring the onset of the financial crisis in the country closer. A compromise cannot be found, as such a solution will only help delay the default.
Prior to that, US President Joe Biden said his aides in Congress and Republicans were very close to agreeing to raise the national debt ceiling to prevent the US from defaulting.
Source: Gazeta
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