Psaki thinks China wants US debt to default.

Psaki warns of potential US debt default

Former White House press secretary Jen Psaki has shared her concerns about the ongoing debt ceiling negotiations in the US, warning that the world is watching and that a default could make the country look weak on the global stage. Speaking on MSNBC’s Andrea Michelle Reports, Psaki also commented on the 10 Democratic senators who are urging President Joe Biden to use the 14th Amendment to address the issue, stating that it could face legal challenges as it has never been invoked before.

China may be “rooting for default”

Psaki also suggested that China may be “rooting for default” as it would weaken the US’s position in the world. She emphasized the importance of resolving the issue quickly, as Treasury Secretary Janet Yellen has warned that the country could default on its debt as soon as June 1.

Resumed negotiations

Despite the challenges, negotiations between the White House and Speaker Kevin McCarthy’s team resumed briefly on Friday evening after being paused earlier in the day. The situation remains fluid, and the world is watching to see how the US will handle this critical issue.

Key takeaways:

• The US is facing a potential debt default, which could weaken its position on the global stage
• Former White House press secretary Jen Psaki has warned that China may be “rooting for default”
• Negotiations between the White House and Speaker Kevin McCarthy’s team have resumed briefly
• The situation remains fluid, and the world is watching to see how the US will handle this critical issue