🌟 [ 39 ]   Biden to Meet With CEOs to Highlight Risk of Debt Default [ @Bloomberg Quicktake: Now ]

President Joe Biden will meet Wednesday with financial and corporate leaders at the White House to highlight the potential damage to the U.S. economy from a debt default as lawmakers continue brinkmanship over the debt limit, according to a White House official. Several chief executive officers are expected to attend including Citigroup Inc.’s Jane Fraser, Bank of America Corp.’s Brian Moynihan and JPMorgan Chase u0026 Co.’s Jamie Dimon, as is Adena Friedman, president and CEO of Nasdaq Inc. Greg Hayes, CEO of Raytheon Technologies Corp.; Charlie Oppler, president of the National Association of Realtors; Jo Ann Jenkins, CEO of the AARP; Punit Renjen, global CEO of Deloitte LLP; and Pat Gelsinger, CEO of Intel Corp., were also invited. The official said the president will stress that any delay on raising the debt ceiling increases the risk of default, which would result in higher interest rates and home loans, car loans and credit cards. Treasury Secretary Janet Yellen will also attend the meeting. She has said the country will meet its limit on sovereign debt on Oct. 18, meaning lawmakers have less than two weeks to solve the problem. Subscribe to our YouTube channel: [ 🔗 Click ‼️ ] Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit [ 🔗 Click ‼️ ] or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: [ 🔗 Click ‼️ ] Breaking News on YouTube: [ 🔗 Click ‼️ ] .​ Twitter: [ 🔗 Click ‼️ ] Facebook: [ 🔗 Click ‼️ ] Instagram: [ 🔗 Click ‼️ ]

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🌈 🔎 BidentoMeetWithCEOstoHighlightRiskofDebtDefault 🌈