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Biden meets Congressional leadership over debt ceiling
Updated : 2 years, 10 months ago IST
"This afternoon, President Biden hosted Leader Schumer, Leader McConnell, Speaker McCarthy, and Leader Jeffries in the Oval Office for a productive and direct meeting about the need to ensure America does not default on its debt for the first time in our history, and on a budget agreement th
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US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms
Updated : 2 years, 10 months ago IST
"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government's obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1
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