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Added on the 14/10/2013 00:56:02 - Copyright : Euronews EN
Republican US House Speaker Kevin McCarthy says Monday crisis talks with Democratic President Joe Biden to avert a looming debt default have been "productive" -- but reveals no deal has been struck. "I felt we had a productive discussion. We don't have an agreement yet, but I did feel the discussion was productive in areas that we have differences of opinion," the top lawmaker tells reporters as he emerges from the White House. SOUNDBITE
The US Senate votes to stave off a credit default that would have sparked a recession and roiled world markets as Democrats and Republicans agreed to a stop-gap fix to raise the nation's debt limit. SOUNDBITE
US senators vote to suspend the federal debt limit, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. IMAGES
The US House of Representatives votes to raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just five days ahead of the deadline set by the Treasury. The deeply divided lower chamber of Congress voted 314 to 117 to suspend the borrowing cap through 2024, and the Senate is expected to follow suit before the end of the week. IMAGES
The White House calls the latest negotiations with Republicans on avoiding a US debt default "productive." "The team has had productive discussions," Press Secretary Karine Jean-Pierre says. The upbeat assessment comes a week before the estimated "X date" when the government will run out of money if Republicans controlling the House of Representatives do not agree to authorizing more borrowing. SOUNDBITE
President Joe Biden will still leave Wednesday for the G7 summit in Japan but is reevaluating the rest of his planned tour of Asia, spokesperson for the White House National Security Council John Kirby tells reporters, as the White House negotiates with Republican leaders to avoid a US debt default. Until now the president had planned to also visit Papua New Guinea and Australia after the G7 meeting in Hiroshima. SOUNDBITE
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