A US Treasury official, in his statements to Reuters, said that the meeting will take place next week.
U.S. Treasury Secretary Janet Yellen will discuss the current political impasse over raising the U.S. federal borrowing limit with board members of the Bank Policy Institute, a banking industry lobby, next week, a department official said in Reuters news agency.
Ms. Yellen’s meeting with bankers, including JP Morgan chief executive Jamie Dimon and Citigroup’s Jane Fraser, was first reported by news website Politico.
The Treasury Secretary is warning that the US federal government may be forced to declare a default on June 1 if Congress does not raise the borrowing limit.
A meeting scheduled for today between US President Joe Biden and top congressional officials has been postponed until early next week, a White House spokesman confirmed on Thursday. The parties gave completely contradictory interpretations of the development.
Democrats and Republicans are discussing ways to cut government spending and raise the borrowing limit to avoid a “disastrous” default, according to sources familiar with their contacts.
Source :Skai
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