U.S. extended deadline for debt deal

After the controversial ten-day recess that Congress began after extensive days of debate, Treasury Secretary Janet Yellen extended the date for possible default until June 5. After a week fraught with controversy and discussions about a possible default in case of no agreement, U.S. politicians will have a brief respite. This was determined by Yellen when communicating on Friday the decision to extend the limit for four more days to reach an agreement, although she warned that the lack of consensus to increase the debt limit “would cause serious difficulties.” Despite the pessimistic climate that existed during the last days, the speaker of the House of Representatives, Kevin McCarthy, acknowledged that they made progress in their talks to increase the debt ceiling, which currently rises to 31.4 trillion dollars. With the hands of the clock ticking against them, the latest news in this regard indicates that Republicans and Democrats are close to reaching an agreement which, for the moment, includes limiting much of public spending and an increase in the country’s debt limit. Speaking from Capitol Hill on Friday, McCarthy said, “We know it’s crunch time. We’re not just trying to get a deal, we’re trying to get something that’s worthy of the American people, that changes the trajectory.”

Original source in Spanish