U.S. debt ceiling: Biden set to meet Speaker Kevin McCarthy on May 9 ahead of looming deadline

President Biden is set to meet with House Speaker Kevin McCarthy on May 9 ahead of the looming debt ceiling deadline. Can Congress strike a deal? Yahoo Finance Live discusses further details on May 8, 2023.

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[Gregory-Masovutch]

Hopefully the Republicans will not cave in. Let it all crash

[redskins]

POLITICAL leaders should always remember one thing above all else, unity is the key to success .

[kruckcrusher]

Yikes they should all have to go without pay until they figure out a way to cut spending and balance the budget

[lemontadams]

Just print as much as you want never planning on paying the debt anyway

[BobISuppose]

American people need a frickin budget and an excel sheet . Let's see the revenue in Tax Dollars, their budget, and debt and see their long and short term debt repayments. Lets see that debt and budget plan... Inflation is out of control. Too much money chasing too few goods and lack of productivity. We shall see.

[dnoldy]

Spending has been ridiculous since 2000

[Islandstrength]

We're going to be in real trouble just printing more money.

[miken]

Don't raise debt ceiling. Would be a shock short term, but then would become new normal. US gets $2 trillion throughout the year in tax revenues and can focus on defense and other obligations. A lot of US budget are wants (EX: green subsidies, tuition reimbursement), not needs. We will be better in the long run if US runs a balanced budget.

[diegovalerio]

Meaning cutting social security, food benefits, housing assistance just to name a few .

[oSnapMillerTime]

Waiting for that college debt money 😂😂😂😂 also waiting for biden to cure cancer like he said.

[djjones]

Anyone who says default is a fool, since default is going to hurt everyone's pocket. Next Raise the debt ceiling the same way you raised it 3 times under Trump with no conditions. Once that's done then debate Bidens Budget bill and House Republicans Budget bill.

[ltfl]

Raise it and let the grownups do the work we sent them to do. MAGA just wants to play games. Well, tax the billionaires at the same rate as the rest of us and guess what? There would not be a budgetary deficiency. Government is not working for the people, it’s working for the billionaires and their corporations.🤮😎☮️

[tngardener]

There will be no spending cuts is what that means

[Zen-fe]

" What am I doing here?" - Boe Jiden

[viralcontent]

To deal with usa debt celing crisis. Us will print 5 trillion dollar and whole world will face inflation because of reckless currency printing

[SouIlIl]

Republicans want to cut veterans health care, child care, preschool, medical research, public health, food, drug safety inspectors, Pell Grants, college work-study, K-12 education, environmental protection, housing, and transportation programs. The cut to these programs would make millions of Americans suffer. Can we talk about how to increase the budget??? The large tax cuts to the billionaires during Trump days is one of the major reason we have this issue now. If we do not pay our bills, the U.S. dollar would be hurt for all time and the stock market will probably crash and we will lose trillions in foreign investments over night. The dollar in your pocket will be worth less over night, are we seriously willing to do this to our own country?

[jayhpaq]

You want cuts, Republicans? CUT THE DEFENSE BUDGET.

[deanjackson]

We are ok. Ukraine gonna more money at the end the of day.

[BoostAuthority]

This is exactly why this man needs to get the hell out of office, he's like a young kid with their first credit card that keeps calling once a week asking for a credit line increase

[Anthony_Aú.GreenParty]

How many guys named Tim in the comments who all agree with each other.