Debt Ceiling Talks Progress: Deputy Secretary of the Treasury

May 25 (Reuters) – Progress has been made in talks to raise the US debt ceiling between the Joe Biden administration and Republican leaders in Congress as they move towards a deal – but the standoff is already costing American taxpayers dearly, Deputy Treasury Secretary Valli Adeyemo said on Thursday.

No deal has already driven debt servicing costs up because of uncertainty, an official at a Washington conference said.

In all other respects, the U.S. economy is in good shape, added Adeyemo: “The last thing we need is an artificially induced crisis.”

The original message in English is available by code (Douglas Gillison)