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[ad_1] Democrats and Republicans in the US are sharply divided over the country’s borrowing limits. (File) Washington, United States: President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1. Biden has maintained that default … Read more
[ad_1] Biden and McCarthy also spoke by phone Sunday as the president flew home from a G7 summit in Japan. Washington: A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were “productive” but that there was still no deal. The White … Read more
[ad_1] US Speaker of the House Kevin McCarthy talks to reporters at the US Capitol Crucial talks between US House of Representatives Republicans and President Joe Biden’s administration about raising the debt ceiling briefly resumed on Friday before concluding with no progress, Guardian reported. As per the report, negotiations came to an abrupt standstill earlier in … Read more
[ad_1] Joe Biden confirmed Wednesday that he was cutting short a wider tour to the Asia-Pacific region. Washington: President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default as early as June 1. “The leaders have all agreed we will not … Read more
[ad_1] The two sides have remained at an impasse despite weeks of warnings. Washington: President Joe Biden’s administration again warned Sunday of “catastrophic” consequences for the US economy if the country defaults, as negotiations with Republicans over a debt deal are expected to resume in the week ahead. Alarm bells are ringing over the possibility … Read more
[ad_1] US debt default could have severe repercussions for the global economy, says IMF. (Representational) Washington, United States: The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit. “Our assessment is that there would … Read more