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 correspondent: The US vetoed a UNSC resolution calling for a ceasefire in Gaza, arguing it does not condemn Hamas nor grant "Israel" the right to “self-defense.”
Israeli occupation forces issue a new bombing threat against civilian buildings in the Southern Lebanese towns of Borj Qalaouiye and Chehabiyeh.
Sources to Al Mayadeen: Extending the snapback mechanism deadline will test how independent Europeans truly are from the US.
Sources to Al Mayadeen: Activating the snapback mechanism will nullify the Cairo Agreement, shut the door on cooperation between the IAEA and Tehran, and bar inspections.
Sources to Al Mayadeen: The diplomatic window remains open, but signs of activating the snapback sanctions mechanism on Iran are increasing.
Sources to Al Mayadeen: Although the Cairo Agreement meets an important part of European demands, they have begun speaking of new conditions in recent communications.
Sources to Al Mayadeen: European countries show no independence in their stance toward Iran during the talks.
Israeli occupation forces issued bombing threats to bomb civilian buildings in Southern Lebanon.
Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.

Biden might skip G7 summit as debt ceiling row with Speaker continues

  • By Al Mayadeen English
  • Source: Agencies
  • 10 May 2023 11:34
3 Min Read

The US President says the debt ceiling issue is the most urgent matter on his agenda.

  • x
  • Biden might skip G7 summit in Japan over debt ceiling crisis
    US President Joe Biden and House Speaker Kevin McCarthy at the US Capitol in Washington, US, March 17, 2023 (Reuters)

US President Joe Biden might not attend the upcoming G7 meeting in Japan next week if the debt ceiling issue is not resolved by then, media outlets reported on Tuesday.

"I’m still committed, but obviously this is the single most important thing on the agenda," CNN quoted him as telling journalists after meeting with congressional leaders on the matter.

But he added that his trip is "not likely" to be canceled, yet it still remains a possibility.

Read more: US debt default would trigger 'economic catastrophe': Yellen

"If somehow we got down to the wire and we still hadn’t resolved this, and the due date was a matter of when I was supposed to be away, I would not go ... I would stay until this gets finished," Biden said.

US Treasury Secretary Janet Yellen warned Congress on Sunday 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.

The Treasury Department is exhausting its available measures to avoid a default and will not be able to do that for long, Yellen added in an interview on ABC's This Week.

Related News

US national debt 'unsustainable', no good news in near future

US federal debt at critical rate, overtaking output of US economy

To discuss the debt ceiling crisis, Biden met in the White House on Tuesday with congressional leaders Republican US House Speaker Kevin McCarthy, Democratic Minority Leader Hakeem Jeffries, Democratic Senate Majority Leader Chuck Schumer, and Minority Leader Mitch McConnell.

Read more: Senators urge Biden to stop playing 'Russian roulette' with US economy

The discussions did not yield any outcome, but Biden called them productive, claiming that the US will not default on its debt.

However, McCarthy did not share Biden's view on the meeting, saying it did not result in "any new movement" toward solving the matter.

McCarthy hoped that the US President "would be willing to negotiate for the next two weeks so we could actually solve this problem and not take America on the brink."

Another round of talks between the parties will be held on Friday.

Japan, which currently holds the G7 president, will be hosting the group's summit in Hiroshima from May 19 to 21.

The attending leaders will discuss the war in Ukraine, in addition to the Indo-Pacific region.

  • US debt default
  • Kevin McCarthy
  • US debt ceiling
  • Joe Biden

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 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
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

12 Israeli soldiers killed, wounded in Resistance operation in Gaza

  • Politics
  • 18 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

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