Obama postpones meeting with congressional leaders on debt limit

BusinessObama postpones meeting with congressional leaders on debt limit

WASHINGTON: A scheduled meeting between US President Barack Obama and congressional leaders on raising debt limit before it expires this week has been postponed to give more time to lawmakers to find a way to reopen the government and avert a default on the country’s debt, the White House officials said.

The meeting was scheduled to take place between President Obama and House Speaker John Boehner, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell.


The congressional leaders said there has been progress in their negotiations to find a way out of the impasse over a partial government shutdown‚ which is now in its third week. While President Obama said if we do not start making some real progress‚ we stand a good chance of defaulting.

Meanwhile, former US defense secretary Leon Panetta criticized the White House and the Congress for their inability to reach an agreement, saying his country has been weakened due to the ongoing government shutdown.

Must read

Recent News

Iranian President, Ishaq Dar underline efforts to further consolidate bilateral ties

ISLAMABAD, Pakistan: The visiting President of the Islamic Republic of Iran Dr. Seyyed Ebrahim Raisi met the Foreign Minister Ishaq Dar in Islamabad on...

Iranian President reaches Pakistan on three-day visit

ISLAMABAD, Pakistan: The Iranian President Dr. Seyyed Ebrahim Raisi reached Islamabad on Monday, undertaking a three-day official visit to Pakistan from April 22 to...

USD to PKR: USD Dollar Rate in Pakistan Today – 22 April 2024

The US Dollar (USD) was being bought and sold at Rs 277.6 and Rs 280.35 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 22 April 2024

On Monday (April 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 243,700.000.It's important to note that gold...

US’s sanction on entities supplying items to Pakistan’s missile program concerning: PTI

Urges govt to bring facts about US’s move before nation forthwith Vows any attempt to endanger national security, defense intolerableISLAMABAD, Pakistan: Pakistan Tehreek-e-Insaf...