Treasury Secretary Janet Yellen reported that Mr. Biden has proposed freezing some public spending at current levels, with the goal of reducing the deficit by another $1 trillion over 10 years.
During talks between the Republican opposition and the US ruling party, White House Press Secretary Karine Jean-Pierre I commented.The debt ceiling problem is a “manufactured crisis” accused conservatives in Congress of refusing to vote in favor of raising the U.S. debt ceiling, which is vital to avoiding a moratorium.
“Now they say everything they think in a low voice,” the spokesperson said, attacking and denouncing the Republican Party’s most conservative side. They repeatedly said they had taken US financial confidence “hostage.” alluding to recent remarks by Republicans in the House.
However, he also commented that the talks were still fruitful, saying: “If they keep moving forward with good faith, a deal can be reached,” said Diario Financiello. .
on the other hand, President Joe Biden has offered to freeze some government spending at current levels Treasury Secretary Janet Yellen said Wednesday that this would cut the deficit by another $1 trillion over 10 years.
Savings proposed by Biden They should close the gap between Republican and Democratic plans Public spending is at the center of such disagreements as the United States counts the days of default.
Is the time of default approaching?
To avoid payment defaults by the U.S. Government, Congress must raise the national debt ceiling .
The so-called “debt ceiling” over $31 trillion reached an agreement in January, but the federal government has so far managed the situation through financial manipulation.
Economists warn that the impact on the global economy will be devastating.