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Biden ‘very optimistic’ on possible US debt ceiling deal



US President Joe Biden said on Friday that he was “very optimistic” about reaching a deal soon with Republicans on raising the debt ceiling.

“Things look good and I’m very optimistic,” the president said before departing by helicopter to his holiday home, Camp David.

Biden added that he would like to know as early as tonight if a deal can be reached.

The comments came after Treasury Secretary Janet Yellen updated her outlook that the country could default on its debts after the deadline unless Congress first agrees to raise or suspend the debt ceiling. is the first comment.

Yellen notified Congress today that the date will be June 5. Earlier estimates had suggested the U.S. could face a default as early as June 1.

Talks with Congressional Republicans and the White House continued on Friday, but no official announcement has yet been made that a compromise has been reached.

Several US media, including The New York Times, reported Thursday night that sources close to the talks said a deal could be announced “soon.”

The New York Times reported that a potential deal would raise the debt ceiling for two years and impose the largest discretionary government spending outside of military and veterans-related spending.

Unlike most countries, the United States can only borrow up to a limit set by Congress (debt ceiling) and requires legislative agreement each time the ceiling needs to be raised to service the debt. Become.

The current debt ceiling of $31.4 trillion was reached in January.

Source: Biobiochile

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