And the American president will receive again at 7:00 p.m. GMT at the White House, the leaders of the Republican and Democratic parties in Congress.
US Treasury Secretary Janet Yellen reiterated her warnings that the US could find itself in default as soon as June 1 if it fails to reach an agreement in Congress to raise the debt ceiling.
The president is optimistic
The US president said on Sunday: “I remain optimistic because I am an instinctive optimist, but I really believe there is a will on their part and on our side to reach an agreement. I think we are there. will achieve”.
But House Speaker Republican Kevin McCarthy struck a completely different tone and said Monday: “I think our positions are still very far apart. It doesn’t seem to me that (the White House and the Democrats) want a OK”.
On the other hand, the White House has announced that currently the US President still intends to visit on Wednesday for a diplomatic tour of Asia and the Pacific.
The US Congress is supposed to vote quickly to raise the public debt ceiling, otherwise the United States will find itself unable to meet its financial obligations.
But Republicans refuse to do so until Biden agrees to major budget cuts.
The $31 trillion debt ceiling was breached at the start of the year, but the federal government has so far been able to live with it through mathematical maneuvering, defaulting for the first time on the first power global economy.
For his part, Deputy Treasury Secretary Wali Adimo said on Sunday that “the only thing that can solve our problems is for Congress to vote to raise the debt ceiling, which it has already done 78 times” in the past.
Given the scenarios, Republicans and Democrats can agree that tens of billions of dollars received for the Covid-19 pandemic response but never used will be set aside in ways that could reduce government spending.
Discussions are also underway, according to American newspapers, to tighten the conditions for granting certain social benefits to low-income families.
The most important thing now is that the time available to resolve this dilemma is quickly running out, as the parliamentary calendar is tight between now and June 1. The House of Representatives and the Senate, which together form the Congress, and must vote together on religion, will not meet at the same time until then, only in four days.
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