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White House says it will not negotiate over the debt ceiling

Saturday, January 14, 2023
White House says it will not negotiate over the debt ceiling © 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.

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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04-10-2023 07:55:34 (UTC+7)

EUR/USD

1.0471

+0.0006 (+0.06%)

Summary

Neutral

Moving Avg:

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EUR/USD

1.0471

+0.0006 (+0.06%)

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Neutral

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GBP/USD

1.2081

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Sell

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Buy (3)

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USD/JPY

149.21

+0.19 (+0.13%)

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↑ Buy

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AUD/USD

0.6310

+0.0009 (+0.14%)

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Sell

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USD/CAD

1.3705

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EUR/JPY

156.25

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↑ Buy

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EUR/CHF

0.9648

+0.0008 (+0.08%)

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Gold Futures

1,838.65

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89.54

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Brent Oil Futures

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4,095.45

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1,724.80

-32.02 (-1.82%)

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Neutral

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IBEX 35

9,165.50

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41.760

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 EUR/USD1.0471Neutral
 GBP/USD1.2081Sell
 USD/JPY149.21↑ Buy
 AUD/USD0.6310Sell
 USD/CAD1.3705↑ Sell
 EUR/JPY156.25↑ Buy
 EUR/CHF0.9648Sell
 Gold1,838.65↑ Sell
 Silver21.365↑ Sell
 Copper3.6152↑ Sell
 Crude Oil WTI89.54Neutral
 Brent Oil91.16Buy
 Natural Gas2.943Neutral
 US Coffee C148.80↑ Buy
 Euro Stoxx 504,095.45Neutral
 S&P 5004,229.45↑ Buy
 DAX15,085.21↑ Sell
 FTSE 1007,470.16↑ Sell
 Hang Seng17,276.00↑ Buy
 Small Cap 20001,724.80Neutral
 IBEX 359,165.50↑ Sell
 BASF41.760↑ Buy
 Bayer43.88Buy
 Allianz220.95↑ Buy
 Adidas160.72↑ Buy
 Lufthansa7.247Buy
 Siemens AG133.10Neutral
 Deutsche Bank AG9.931↑ Buy
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