WASHINGTON: President Joe Biden and Republican leaders are set to reconvene on Tuesday (May 16) for crunch talks on raising United States borrowing limits, with a possible debt default now just weeks away. The Treasury has warned of 'catastrophic' economic consequences if the US runs out of cash to pay its
There are now only three days remaining when the House and Senate are both in session before Jun 1, when the Treasury predicts the US could run out of money.
In recent days, Biden has suggested that he may be forced to postpone a planned trip to Asia this week if the two sides fail to reach agreement, but has stopped short of cancelling his visit while the talks continue. They have also contemplated asking Biden to invoke the 14th Amendment to raise the debt ceiling unilaterally, which some legal scholars believe would allow the Treasury to simply ignore the debt limit.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden says debt talks moving along as parties discuss changesNegotiations with congressional leaders will continue next week. Read more at straitstimes.com.
Read more »
Biden 'optimistic' on debt talks with Republicans as default loomsWASHINGTON: President Joe Biden said on Sunday (May 14) he remains 'optimistic' about finding an agreement with his Republican opponents to raise the US debt limit and avoid a default, which his administrat
Read more »
Washington is determined to govern AI, but how?WASHINGTON : U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington's attention, consensus is far from certain.Interviews with a U.S. senator, congressional staffers, AI companies and interest groups show there are a numb
Read more »
PE2023: Get a real president this time, we have already wasted six years - Singapore NewsSense And Nonsense by Tan Bah Bah
Read more »
It takes a community to collectively groom pipeline of future women leaders: President Halimah YacobFemale role models and mentors engender a “multiplier effect in society”, she said. Read more at straitstimes.com.
Read more »
South Africa’s non-aligned position does not favour Russia, President Ramaphosa saysSeveral ministers have said South Africa had not approved any arms shipment to Russia in December 2022. Read more at straitstimes.com.
Read more »