On May 25, local time, White House Press Secretary Karina Jean-Pierre said at a briefing that day that White House negotiators had “productive discussions” with House Speaker McCarthy’s team on the debt ceiling issue. Both parties agreed that “default is not an option”. Partisan views on budget priorities remain divided, but representatives from both parties understand that a deal will need a plan that wins the support of both parties, Pierre said. While the White House and the U.S. Congress said “progress” for a while, and “no deal” for a while, the U.S. Treasury Department has already begun preparations for the debt ceiling to be triggered eventually. U.S. Treasury Department officials are notifying various departments of possible changes in the payment process when the debt ceiling is triggered, as well as possible responses, according to people familiar with the matter.
CBDC not targeting international payments – report says
The Digital Currency Institute’s third annual payments report is the first to delve into central bank cryptocurrencies as a form of payment and beyond, from the perspective of international cross-border payments. One of the main goals of Central Bank Digital Currencies…