Biden says ‘hopeful’ on US debt deal within hours ...Middle East

WASHINGTON: President Joe Biden said Friday he is “hopeful” for a resolution within hours to the US debt ceiling standoff between Democrats and Republicans, raising hopes of an imminent end to the threat of default by the world’s biggest economy.“It’s very close and I’m optimistic,“ Biden told reporters at the White House. “I’m hopeful we’ll know by tonight whether we’re going to be able to have a deal.”The Democratic president said he hoped for a resolution to the standoff “before the clock strikes twelve.”It was by far the strongest indication that the drama in Washington might end, allowing the government to borrow and avoid a default likely to trigger a recession, mass job losses and rec

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Last updated : 27 May 2023 clock 04:00 AM

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Biden says ‘hopeful’ on US debt deal within hours ...Middle East

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