Washington, May 13 (EFE).- The President of the United States, Joe Biden, assured this Saturday that negotiations with the Republican opposition “are advancing” to raise the debt ceiling and prevent the country from entering into suspension of payments, although there is still no agreement.
The president will meet again next week with the Republican and Democratic leaders of Congress after the meeting scheduled for Friday was postponed.
Before boarding a flight to the state of Delaware, Biden told the press that the talks “are moving forward” and stressed that “there has to be” an agreement before June 1.
“We have not yet reached the critical point. There’s been real discussion about some changes that can be made, but we’re not there yet,” she stated.
Biden received the Speaker of the House of Representatives, Republican Kevin McCarthy, in the Oval Office of the White House on Tuesday; as well as the Republican leader of the Senate, Mitch McConnell; and House and Senate Democratic leaders Chuck Schumer and Hakeem Jeffries to address this issue.
The United States reached the debt ceiling of 31.4 trillion dollars established by Congress on January 19.
Since then, the Government has been drawing on its reserves to pay off the debts it has contracted, but the Treasury Department estimates that the resources will end on June 1, after which the country would be entering into suspension of payments for the first time in its history. .
Republicans, who have a majority in the House, want to link a rise in the debt ceiling to major spending cuts in some of Biden’s flagship programs, something both the White House and Democrats reject.
