Debt ceiling piques G-7 interest, Jake Sullivan admits
The White House conceded the prospect of a default has been a topic of discussion for President Joe Biden and his aides at the Group of Seven leaders meeting in Japan.
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The White House conceded the prospect of a default has been a topic of discussion for President Joe Biden and his aides at the Group of Seven leaders meeting in Japan.
Leaders. we did get an update from the president a short time ago. >> it goes in stages. what happens is first meetings weren't all that productive. ing second ones were. third one was. what happens is the carriers go back to the principals and say this is what we're thinking about. then people put down new claims. i still believe that we'll be able to avoid a default and we'll get something decent done. >> reporter: the president making the remarks sitting next to the australian prime minister. the two men were supposed to actually meet for a separate heating in australia but that has been ca...
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The country is embroiled in its most risky debt ceiling standoff in more than a decade, and Treasury officials are working both publicly and behind the scenes to prepare.