‘Get out of the way’: Biden slams Republicans on debt limit
US president hopes to keep the government from bumping dangerously close to a credit default as Senate Republican leader Mitch McConnell refuses to lend his party’s help.
US president hopes to keep the government from bumping dangerously close to a credit default as Senate Republican leader Mitch McConnell refuses to lend his party’s help.
The consideration comes in the event that current funding runs out on September 30, White House press secretary Jen Psaki has said.
US Treasury Secretary Janet Yellen also warned that a default on US debt would "likely precipitate a historic financial crisis" that would compound the damage of the continuing public health emergency.
The warning came after Treasury Secretary Janet Yellen said on Wednesday that her Department's "extraordinary measures" to temporarily finance the government will likely be exhausted in October.
