The United States may be unable to honor its financial commitments and therefore find itself in default from June 5. The challenge for the government is to get Congress – the Republican House and the Democratic Senate – to vote quickly to raise the public debt ceiling.
Joe Biden refuses to negotiate, believing that he is being held "hostage" In reality, the advisers of the two camps have been talking non-stop for days and according to several American media, have already agreed on some broad lines. If an agreement is reached, it will still have to be passed by the Senate, narrowly controlled by the Democrats, and by the House of Representatives.