US Debt Deiling: Yellen 'Hopeful' Of Resolution For Debt Ceiling Impasse; 'May Be This Time Is More Difficult'
- 11 months ago
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President Joe Biden reportedly said on Sunday he expects to meet with congressional leaders on Tuesday for talks on the debt ceiling crisis. The President was earlier set to meet with House Speaker Kevin McCarthy and senior Congressional leaders on Friday but the meeting was postponed.
Meanwhile, Treasury Secretary Janet Yellen, while speaking at the meeting of Group of Seven finance officials last week, reportedly said failure to avert a looming default would spark a global downturn, risk undermining U.S. global economic leadership and raise questions about its ability to defend national security interests.
President Joe Biden reportedly said on Sunday he expects to meet with congressional leaders on Tuesday for talks on the debt ceiling crisis. The President was earlier set to meet with House Speaker Kevin McCarthy and senior Congressional leaders on Friday but the meeting was postponed.
Meanwhile, Treasury Secretary Janet Yellen, while speaking at the meeting of Group of Seven finance officials last week, reportedly said failure to avert a looming default would spark a global downturn, risk undermining U.S. global economic leadership and raise questions about its ability to defend national security interests.