Home » World » [국제]Biden-McCarthy’s first debt limit meeting’empty-handed’…”Continue discussion”

[국제]Biden-McCarthy’s first debt limit meeting’empty-handed’…”Continue discussion”

Chairman McCarthy said there was no agreement other than to continue the dialogue.
White House “We had a frank and direct conversation”
“It is a shared duty not to allow an economic catastrophic default.”


[앵커]

The $31 trillion US government debt ceiling has reached its limit and is on the verge of default.

As a result, President Biden and Republican House Speaker McCarthy met for the first time to discuss the issue of raising the debt ceiling, but did not achieve any results.

Reporter Han Young-kyu reports.

[기자]

US President Joe Biden and Republican House Speaker Kevin McCarthy met privately for about an hour at the White House for the first time, but did not achieve much.

“There has been no agreement or commitment other than to continue the dialogue,” McCarthy said.

He then expressed his willingness to reach an agreement, saying that it is his role to increase the debt ceiling but prevent the government’s reckless spending.

[케빈 매카시 / 미 하원의장 : 좋은 만남이라고 생각합니다. 대화를 계속하기로 했습니다. 합의에 도달할 수 있는지 볼 것입니다. 결국에는 공통점을 찾을 수 있을 것 같습니다. 정말 그렇습니다.]

The White House also said that the two sides had decided to continue discussions, saying that they had “an honest and direct conversation.”

President Biden said, “As confirmed by the leaders of both parties, it is a common duty not to allow a default that is unprecedented and economically catastrophic.”

[카린 장-피에르 / 백악관 대변인 : 대통령은 긴밀히 협력하기를 기대하고 있으며 선의의 초당적 방식으로 일할 의향이 있는 공화당원들과 함께 할 수 있는지 알아내려고 노력하고 있습니다.]

The White House is demanding that Republicans raise the debt ceiling immediately, without preconditions, to avoid catastrophe for the US and global economy.

But Republicans, who won a majority in the House of Representatives, have put forward cuts in government spending as a prerequisite for raising the debt ceiling.

Currently, the debt ceiling of the US government is 31.4 trillion dollars, which is 3 trillion 820 trillion won in our money.

Since the 19th of last month, the US Treasury Department has been implementing special measures to avoid debt defaults and defaults due to debt ceiling issues.

The government’s annual debt ceiling negotiations are expected to eventually reach an agreement, but there are also prospects that it will be difficult to avoid an extreme confrontation like in 2011 as there are many hard-line conservative lawmakers in the Republican Party.

This is YTN Han Young-gyu.

YTN Youngkyu Han ([email protected])

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