Biden White House Trying To Get CEOs To Pressure GOP On Debt Ceiling
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Joe Biden and Speaker of the House Kevin McCarthy have begun talking about the looming debt ceiling default.
U.S. President Joe Biden and top Republican lawmakers will declare their positions face to face on Tuesday on raising the $31.4 trillion U.S. debt ceiling, with an unprecedented default looming in three weeks if Congress does not act.
Ahead of the 4 p.m. EDT (2000 GMT) Oval Office session, there were no signs that either side would immediately agree to any concessions that would head off a default as early as June 1.
They are already trying to pressure Republicans to cave.
Biden’s Treasury Secretary Janet Yellen is calling CEOs and begging them to get Republicans to cave on the debt ceiling.
President Joe Biden’s White House is begging CEOs to pressure Republicans to cave on the debt ceiling as Biden prepares to meet with congressional leaders this week to discuss the debt limit.
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However, Biden’s Treasury Secretary Janet Yellen is personally calling CEOs to urge them to put pressure on Republicans, according to Reuters.
Yellin is calling CEOs from the financial sector and the broader economy to warn them about the “dangerous consequences of the current brinkmanship,” one source told Reuters.
The Biden administration is a disaster.
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