Top Treasury official: Biden wants debt limit raised 'as soon as possible'
A top US economic official said Sunday that talks between congressional staff and the White House have been “constructive” as the US barrels toward a debt limit deadline that could come as soon as June 1. “The conversations are constructive between all the parties,” Deputy Treasury Secretary Wally Adeyemo told CNN’s Dana Bash on “State of the Union.” President Joe Biden, he said, “looks forward to getting together with the leaders to talk about how we continue to make progress.
” “Because it’s not only financial markets, but the survey of consumer sentiment last week showed that consumers are now worried about the debt limit – it’s affecting the way they’re spending,” Adeyemo said. Meanwhile, top Biden economic adviser Lael Brainard on Sunday characterized the staff-level debt ceiling talks as “serious” and “constructive.” But she echoed previous White House comments on preferring a full increase rather than a short-term fix. “A short-term is not a fix.
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