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White House says it will not negotiate over the debt ceiling

Published 01/13/2023, 01:39 PM
Updated 01/13/2023, 01:40 PM
© Reuters. FILE PHOTO: White House Press Secretary Karine Jean-Pierre holds the daily press briefing at the White House in Washington, U.S. January 12, 2023.  REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - The White House said on Friday it will not negotiate over the debt ceiling and there are no discussions underway about eliminating it.

© Reuters. FILE PHOTO: White House Press Secretary Karine Jean-Pierre holds the daily press briefing at the White House in Washington, U.S. January 12, 2023.  REUTERS/Jonathan Ernst

White House spokesperson Karine Jean-Pierre told reporters Congress must act to increase the debt ceiling after U.S. Treasury Secretary Janet Yellen said the country will likely hit the $31.4 trillion statutory debt limit on Jan. 19.

That will force Treasury to launch extraordinary cash management measures that can prevent default until early June.

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