Joe Biden will meet with the leaders of the parliamentary opposition to try to avoid a US default. The world's largest economy could find itself unable to meet its financial commitments as of June 1.
The Treasury Department on Monday confirmed the estimate published in early May, and updated with "additional information now available" Former President Donald Trump urged Republicans, over whom he retains immense influence, to "cause a default" if the Democrats do not accept "massive cuts" in spending. The White House said that for now the US president still plans to fly Wednesday for a diplomatic tour of Asia and the Pacific.