Biden meets CEOs as fight to lift US debt ceiling drags on
Al Jazeera
US Senate is poised for a showdown over Democratic push to raise the debt limit, as Republicans oppose effort.
United States President Joe Biden is meeting the leaders of major US companies as he seeks to build support in Congress to raise the country’s debt limit, a move top US officials say is needed to avoid a potential recession.
Biden is scheduled to meet at the White House on Wednesday with the heads of large US banks Citigroup, JP Morgan Chase and Bank of America, along with the CEOs of major associations, the AARP, Realtors, and the Nasdaq stock exchange.
“Our markets are rattled. America’s savings are on the line. The American people – your savings, your pocketbook – are directly impacted by this,” Biden said in remarks at the start of the meeting.
