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-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament
Informed sources to Al Mayadeen: The talks will focus on the political aspect, and the agency's delegation will not be accompanied by any inspector
Informed sources to Al Mayadeen: An IAEA delegation will visit Tehran next week to discuss mechanisms for implementing the parliament's law suspending cooperation with the agency
Palestinian media: Herds of Israeli settlers storm the al-Aqsa Mosque and perform Talmudic rituals in it
Al Mayadeen's correspondent in Gaza: 15 martyrs were transferred to hospitals in the Gaza Strip in the past few hours as the Israeli occupation continues its aggression on the camps of the displaced
Al Mayadeen's correspondent in Gaza: 38 were killed since dawn on Saturday, as the Israeli occupation army targeted aid seekers at distribution sites
Palestinian Red Crescent: One martyr, several injuries among our teams after the occupation bombed the association's headquarters in al-Amal neighborhood, west of Khan Younis.

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

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

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

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
An explosion seen during an Iranian missile attack on Tel Aviv, Occupied Palestine, June 13, 2025 (AP)

If Iran is attacked again, geography of response may change: IRGC spox

  • Politics
  • 30 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Starved, shot, bombed, 'Israel' finds no fault
Politics

'Israel' closes 88% of war crimes cases without charges: Watchdog

Alex Karp, CEO of the software firm Palantir Technologies, arrives as then Senate Majority Leader Chuck Schumer, convenes a closed-door gathering of leading tech CEOs, Wednesday, Sept. 13, 2023 (AP)
Technology

Notorious Palantir lands record $10bln contract with the US Army

‘March for humanity’: Protesters brave rain for Gaza on Sydney bridge
Politics

‘March for humanity’: Protesters brave rain for Gaza on Sydney bridge

A Syrian Democratic Forces (SDF) fighter stands in guard during a gathering to celebrate Nowruz, Kurdish New Year, in Qamishli, northeastern Syria, Friday March 21, 2025 (AP)
Politics

SDF asserts 'right to retaliate' against strikes near Deir Hafer

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