US President Joe Biden and House Speaker Kevin McCarthy both indicated yesterday they are willing to discuss raising the US debt ceiling, as Democratic and Republican lawmakers head toward a high-stakes clash over raising the nation’s borrowing limit.
Their comments come one day after the US Treasury Department began taking “extraordinary measures” to help temporarily reduce the amount of outstanding debt subject to the limit, currently set at US$31.4 (RM134.5) trillion, and avoid defaulting on its payments.