Biden will sit down with congressional leaders on Tuesday after months of ignoring House Republicans’ request to negotiate. Biden agreed to sit down for negotiations after House Republicans rallied behind Speaker Kevin McCarthy (R-CA) to support the Limit, Save, Grow Act, which would lift the debt ceiling through early next year and save the government an estimated $4.8 trillion over the next ten years.
However, Biden’s Treasury Secretary Janet Yellen is personally calling CEOs to urge them to put pressure on Republicans, according to Reuters.
Yellin is calling CEOs from the financial sector and the broader economy to warn them about the “dangerous consequences of the current brinkmanship,” one source told Reuters.
As the outlet reported:
The sources declined to name the CEOs with whom Yellen had spoken in recent days, or provide any other details about their conversations, but one said they included executives in the financial sector and the broader economy.
