Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

Debt ceiling talks 'moving along' but no crunch point' reached: Biden

  • By Al Mayadeen English
  • Source: Agencies
  • 13 May 2023 23:34
  • 1 Shares
3 Min Read

The White House and Republicans in Congress are locked in a dispute on a deal that would avert an unprecedented national default as early as June.

  • x
  • Debt ceiling talks 'moving along' but no crunch point' reached: Biden
    US President Joe Biden speaks while hosting debt limit talks with Senate Minority Leader Mitch McConnell (R-KY), House Speaker Kevin McCarthy (R-CA), and their Congressional Democratic counterparts in the Oval Office at the White House in Washington, US, May 9, 2023 (Reuters)

US President Joe Biden remained unclear about his talks with Republicans on raising the debt ceiling, telling his press pool on Saturday they were "moving along" but are "not there yet."

"They are moving along," Biden told the White House press pool, adding that there was "real discussion" but that negotiators were "not there yet."

"We’ve not reached the crunch point yet," the US President said.

He did not answer the question about the date of his next meeting with congressional leaders.

The White House and Republicans in Congress have been locked in a dispute on a deal that would avert an unprecedented national default as early as June.

The Financial Times on Saturday cited people familiar with the matter as saying that the pact was beginning to take shape ahead of a meeting between Biden administration officials and aides to the Republican House Speaker Kevin McCarthy.

Related News

Russia ratifies military deal with Cuba amid US escalation

Araghchi denies any contact with US envoy Witkoff over nuclear talks

At the heart of the deal is reportedly a plan that will limit domestic spending.

On Thursday, US Treasury Secretary Janet Yellen warned that pursuing a political policy of standing on the edge of the abyss over the US debt ceiling crisis might lead to "serious economic costs" even without a default.

Last week, Yellen warned Congress through ABC News that failing to resolve the debt ceiling issue on their part might create a "constitutional crisis" and send out a ripple effect across the financial markets.

Biden said on Tuesday that he might not attend the G7 summit for presidents next week if the debt ceiling issue is not resolved by then.

This comes after a Republican bill to increase the debt limit and cut down on government spending was recently passed after a narrow 217-215 vote in the US House of Representatives - a major win for Republican US House Speaker Kevin McCarthy - but seems to be a struggle at the moment. 

His proposal included raising the US debt limit by $1.5 trillion to avert the default of the world's biggest economy.

Yellen has been urging Congress to either suspend or raise the debt limit for the same reason as McCarthy, adding that her agency has started discussing "extraordinary measures" to avoid a default, which the US has never done since the debt ceiling has been raised 22 times between the years 1997 and 2022.​​​​​​​

  • United States
  • Republican Party
  • debt ceiling
  • Republicans
  • US
  • US debt ceiling
  • Joe Biden

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS