The struggle for a solution to the debt limit dispute in the USA continues

WASHINGTON (dpa-AFX) – In view of a race against time in the search for a solution in the dispute over the debt ceiling, the US government has again urgently warned of a default. “A default could lead to a massive recession that would cost us millions of jobs,” Deputy Treasury Secretary Wally Adeyemo told CNN on Sunday. Debt ceiling talks are currently ongoing between the two parties, which they say are “constructive”.

US President Joe Biden also expressed cautious optimism at the weekend. “We’re making progress,” he said. However, the “crucial point” has not yet been reached.