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BREAKING
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

McCarthy on Biden debt update: 'They want a default more than a deal'

  • By Al-Mayadeen English
  • Source: Agencies
  • 15 May 2023 19:48
2 Min Read

A deal is expected to be reached this weekend, according to the House Speaker, who insinuated that the Biden administration

  • x
  • A view of the US Capitol building in Washington, DC, US on January 17, 2021 (Reuters)
    A view of the US Capitol building in Washington, DC, US on January 17, 2021 (Reuters)

When asked by reporters about any updates regarding the debt ceiling issue, US President Joe Biden confirmed on Monday that after talks with Congressional leaders, no deal was reached. 

"No," Biden said, with House Speaker Kevin McCarthy separately saying to CNN that they are still "far apart" in the talks, adding that it "seems like they want a default more than a deal."  

According to McCarthy, a deal should be reached this weekend in an attempt "to have a timeline to be able to pass it in both houses."  

This follows after Biden told his press pool on Saturday that talks were "moving along" but are "not there yet."

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.

Read next: White House warns of grave consequences if US defaults on its debt

Related News

US Treasury chief urges Congress to act on debt limit

Trump rejects bill, leaving congress 2 days to avert shutdown

US Treasury Secretary Janet Yellen warned Congress through ABC News last week 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.

"I don't want to consider emergency options. What's important is that members of Congress recognize what their responsibility is," she added.

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

🚨 BREAKING 🚨 House Republicans just passed the only plan in Washington that
1. Lifts the debt ceiling
2. Stops wasteful spending and inflation
3. Puts America back on track

Now Democrats should do their job.

Tune in for my press conference soon https://t.co/vmn31INPH5

— Kevin McCarthy (@SpeakerMcCarthy) April 26, 2023

The 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.

Senators have reiterated their call for Biden to negotiate the debt ceiling with McCarthy; calling on him to stop "playing Russian roulette" with the American economy. 

  • debt ceiling
  • US
  • Kevin McCarthy
  • Janet Yellen
  • Joe Biden

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