Biden quotes McCarthy at the White House after a message from the Treasury on US debt.

The president of USA, Joe Bidensummoned this Monday the head of the House of Representativesthe republican kevin mccarthyto a meeting at the White House on May 9, the US government announced.

Although the announcement does not include more details, The Hill media assured that they will deal with the situation of the debt ceiling, after today the Secretary of the Treasury, Janet Yellenhas warned that the country could default on its public debt on June 1.

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The leader of the conservatives in the Senate, mitch mcconnelland the Democratic leaders in both chambers, Chuck Schumer and Hakeem Jeffries.

Yellen issued a warning today in a letter to these same four politicians, in which she assures that it is “imperative” that Congress act as soon as possible to guarantee the certainty that the Government will be able to continue counting on funds to face long-term payments, increasing or suspending the current debt ceiling.

USA reached in January that legal limit to the money that the Government can borrow, after which the Treasury Department approved a series ofextraordinary measures” to delay the risk of default, but already then stressed that the use of these special tools extended only until June 5.

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The House of Representativeswith a Republican majority, last week approved a bill to raise the debt ceiling in exchange for broad cuts in public spending, but the initiative has little prospect of success because the Democrats are a majority in the Senate and the White House has warned that the president Joe Bidenhe will veto it if it reaches his office.

Source: Elcomercio

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I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.