The United States or The earliest debt defaults on June 1, the United StatesPresident Biden said officials are negotiating on the debt limit and will announce more news in the next two days.
Comprehensive Bloomberg and Reuters reported that Biden said on Saturday (May 13) before boarding the Air Force No. 1 and said to reporters: "I think they are making progress.Indeed, we are discussing some changes we can make. "
US White House officials and Congress officials will continue to negotiate this weekend. The meeting between Biden and the parliament of Congress McCarthy will be postponed from Friday (12th) to next week. Both parties have stated that the negotiations have "signs of progress".
On June 1st, the analysis believes that the contradiction between the negotiations between the two parties is whether it will reduce expenses with the upper limit of debt limits.Iconic policy plan.In this regard, the Democratic Party will never give up, and insist on improving the debt limit and no conditions shall be attached.
The Ministry of Finance on Friday shows that as of May 10, The US government has only 88 billion.The US dollar (about 117.7 billion yuan) pays the bill, which has decreased from $ 110 billion a week ago.This means that only more than a quarter of the measures of $ 333 billion can be used to prevent the United States from exhausting the borrowing space at the legal debt limit.
Yellen will report to Congress in the next two weeks how far the United States is still in default, and will defend the increase in debt issuance during the administration of Biden's government.
Yellen attended the Seventh Kingdom Group (G7) in Japan (G7)During the meeting of Finance Ministers and the President of the Central Bank, "I don't want to specifically explain when we announce the latest situation. When we think there are more information, it must be in the next few weeks."
