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
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected

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

New California: The push for a breakaway state - Newsweek

Trump to 'Israel': 'We have to be careful when we attack people'

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

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

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