“I hope we don’t have to wait that long,” she told a press conference in London.
US House of Representatives Speaker Kevin McCarthy said his meeting with President Joe Biden on Monday on how to raise the debt ceiling was a “productive and professional” meeting, but they did not come to a final agreement.
McCarthy told reporters, “I think the tone tonight was better than any other night we’ve had discussions.”
He confirmed that the two teams would get back “together and work through the night” on a settlement agreement, adding, “The president and I know the deadline, so I think we’ll be talking every day until we get there.” we’re done. ”
In turn, US Treasury Secretary Janet Yellen warned again that the department’s cash shortage in June was now “highly likely” and the timing could come on the first day of the month.
Yellen, in a letter to House members, warned that the department may not be able to meet all of the government’s obligations if Congress does not raise or suspend the debt ceiling by early June. .
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