Nearly 150 business leaders write a letter urging Congress and Biden to act to avoid a US debt default -- or face 'a devastating scenario'
In an open letter to President Biden and top Congressional leaders Tuesday, nearly 150 business leaders urged the two sides to act – or face “a devastating scenario … and potentially disastrous consequences,” the letter states. The open letter was first shared with CNN before it was published. CEOs of major corporations and financial institutions signed the letter. Among the signees are James P. Gorman, Chairman & CEO of Morgan Stanley, David M.
The nation’s unemployment rate could spike and borrowing costs for businesses and everyday Americans would rise. In her second letter in two weeks to Congressional leaders Monday, Treasury Secretary Janet Yellen reaffirmed her warning. She says the US is already feeling the impacts of getting close to the “x date” of June 1.
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McCarthy warns Biden, Congress still ‘far apart’ on debt ceiling negotiations“It seems like they [the White House] want to look like they’re in a meeting,” the speaker added. “They’re not talking anything serious.”
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Top Republican investigating Biden administration Afghanistan withdrawal requests transcribed interviews | CNN PoliticsHouse Foreign Affairs Chairman Michael McCaul announced Sunday that he had formally requested a series of transcribed interviews from current and former State Department officials as part of his panel's investigation into the Biden administration's withdrawal from Afghanistan.
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Why Erdogan's fate matters to Biden and the US | CNN Politics'Biden’s entire presidency has unfolded in the shadow of autocrats, assaults on democracy and aspiring strongman leaders – abroad, and most remarkably at home,' writes StCollinson | Analysis
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Why Biden really doesn't want to cancel his overseas trip | CNN PoliticsWith the US economy hanging in the balance, President Biden departs this week for a week-long visit to Asia. He’s acknowledged the trip may be scrapped, but privately has told his team skipping the Group of 7 summit should be a last-resort option only.
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Biden picks cancer surgeon Monica Bertagnolli to be next NIH director | CNN PoliticsPresident Joe Biden will nominate Dr. Monica Bertagnolli, who currently leads the National Cancer Institute, to be the next director of the National Institutes of Health, the White House announced on Monday.
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Joe Biden Watches Granddaughter Maisy Biden Graduate From UPennSome students waved at the president and took photos, but other than that, the president was just another face in the crowd, albeit a very recognizable one.
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