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Tags: biden | white house | debt ceiling

White House Refuses to Negotiate Over Debt Ceiling

Friday, 13 January 2023 02:39 PM EST

The White House said Friday it will not negotiate over the debt ceiling and there are no discussions underway about eliminating it.

White House spokesperson Karine Jean-Pierre told reporters Congress must act to increase the debt ceiling after U.S. Treasury Secretary Janet Yellen said the country will likely hit the $31.4 trillion statutory debt limit on Jan. 19.

That will force Treasury to launch extraordinary cash management measures that can prevent default until early June.

© 2024 Thomson/Reuters. All rights reserved.


Headline
The White House said Friday it will not negotiate over the debt ceiling and there are no discussions underway about eliminating it.White House spokesperson Karine Jean-Pierre told reporters Congress must act to increase the debt ceiling after U.S. Treasury Secretary Janet...
biden, white house, debt ceiling
75
2023-39-13
Friday, 13 January 2023 02:39 PM
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