US President Joe Biden expressed optimism Monday that a deal would be approved by Congress this week to prevent a US default.
He said he spoke Monday with several elected officials, as well as Republican Senate Minority Leader Mitch McConnell and “a lot of other people.” “And it looks good. We’ll see when the voting starts,” she said.
Avoid payment default
The debt deal is due to be considered by Congress this week, and the Republican-dominated opposition House of Representatives is due to vote on it on Wednesday.
Then it will be the turn of the Senate, where the Democrats have a narrow majority. At the end of marathon negotiations, Joe Biden concluded an agreement this weekend with the Republican leadership in the House on raising the US debt ceiling in exchange for budget cuts, which should make it possible to avoid a default that could intervene, according to the Treasury, as soon as June 5th.
Source: BFM TV
