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HomeLatest NewsCongress announced a "dead end" for US public debt - Rossiyskaya Gazeta

Congress announced a “dead end” for US public debt – Rossiyskaya Gazeta

Date: April 12, 2024 Time: 17:36:10

For his part, Republican Rep. Garrett Graves, one of McCarthy’s top negotiators, suggested just hours after a two-hour meeting on Capitol Hill with his White House counterparts that

Both parties are still in confrontation, according to Bloomberg. “The bottom line is we’re going to have to see some movement or some fundamental change in what they’re doing,” Republican Garrett Graves said of the White House negotiating team. “We don’t have any additional meetings scheduled at this time. “

The impasse raises the likelihood that both the House of Representatives and the Senate will vote on either deal next week. Remember that on June 1, the United States may run out of cash to pay the bills, Treasury Secretary Janet Yellen previously warned.

The situation is complicated by the fact that on May 25th the congressmen will kick off a big Memorial Day weekend. The legislators will not return to Washington until next week.

A decision on the national debt in the Senate before June 1 will almost certainly require the consent of all senators to move quickly to a vote.

It is not yet clear what will happen next. According to Rep. Patrick McHenry, his phone is full of angry messages from Wall Street about the impasse and Biden needing to compromise. “My messages are like fire in a garbage can,” said the congressman.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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