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U.S. President Biden and congressional leaders met at the White House without breaking the deadlock over the debt limit. "I didn’t see any new movement," House of Representatives speaker, Kevin McCarthy told reporters afterward. With the "deadline" just three weeks away, the U.S. may breach its debt ceiling if a compromise is not reached. Such an unprecedented breach could lead to economic shocks with devastating effects on markets and consumer confidence. In this episode of BizBeat, CGTN's Hou Jing explains.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466