Concerns mount as US debt cap deadline looms

By Agence France-Presse

May 23, 2023 12:28 am

ANXIETIES were mounting in Washington ahead of President Joe Biden's Monday meeting with Republican House Speaker Kevin McCarthy over negotiations to raise the US debt ceiling, less than two weeks before a key deadline to avoid a disastrous default.

After a weekend of near deadlock, Biden arrived back in Washington late Sunday, cutting short a trip to Asia to resume talks ahead of the US Treasury's June 1 deadline for Congress to authorize more borrowing.

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