US Senate Democratic Leader Schumer: McCarthy refused to take default off the table

Ross J Burland FXStreet

President Joe Biden and top lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act, Reuters reported.

´´The Oval Office meeting between Biden, a Democrat, and House of Representatives Speaker Kevin McCarthy, a Republican, ended after just over an hour with no immediate sign progress was made, after both sides suggested earlier they would not agree to concessions to head off a default as early as June 1.´´

McCarthy refused to take default off the table, US Senate Democratic leader Schumer said.

Key notes

He gave us a plan to take default hostage.

We urge McCarthy to take default off the table.

Biden asked staff from both parties to sit down and find common ground around budget issues said and
he gave us a plan to take default hostage.

We urge McCarthy to take default off the table.

By not taking default off the table, mccarthy is endangering America.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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