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Updated: May 10, 2023, 12:49 PM IST
living coin

The debt ceiling, which is a reflection of the already spent … moreThe debt ceiling, which reflects federal resources already spent, should be raised by the US Congress at the earliest. But President Joe Biden wants it raised without any preconditions. And the Republicans continue to drag on the case. To try to resolve the deadlock, Biden met with Republican House Speaker Kevin McCarthy, Democratic legislative leaders and Senate Majority Leader Mitch McConnell on Tuesday. According to a Reuters report, Janet Yellen has decided to personally reach out to CEOs and finance leaders to warn them about the risks of default.