Debt ceiling: Biden calls congressional leaders and invites them to meet

What’s next in the debt ceiling fight?


Biden adviser Gene Sperling on what’s next in debt ceiling fight

06:37

President Biden called the four congressional leaders Monday afternoon and invited them to a May 9 meeting on the debt ceiling, according to three people familiar with the calls.

The invitation comes as Treasury Secretary Janet Yellen warned the U.S. could default on its debt as soon as June 1, just a month away. The White House also confirmed the calls.

“This afternoon, President Biden called Speaker McCarthy, who is leading a CODEL in Israel, to invite him to a meeting at the White House on May 9 with Leader Jeffries, Leader Schumer, and Leader McConnell, who the President also called today,” the White House said. 

The White House has repeatedly insisted that it’s up to Congress — and Republicans, who control the House — to avoid default, even as the House passed a bill last week to raise the debt limit and cut spending. That bill is unlikely to pass the Senate. 

It’s not yet clear that the invitations have been accepted — or that May 9 is a firm date.

For all the latest Automobiles News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.