Debt Limit Meeting Between Biden and Republicans Delayed as Both Sides Seek Deal

President Biden and high congressional leaders agreed to postpone their subsequent spherical of debt restrict talks, which had been scheduled for Friday, till subsequent week, a White House spokesman stated on Thursday.

The choice to postpone the top-level assembly was described as a “positive development” by an individual acquainted with the choice, who stated it will permit workers members extra time to work towards an settlement earlier than Mr. Biden and the congressional leaders meet once more.

The delay comes because the United States inches nearer to defaulting on its debt. The Treasury Department has warned that the federal government might run out of money to pay all of its payments on time as quickly as June 1.

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