The two parties in the Senate are making last-ditch efforts to avoid a national debt crisis and are confident of reaching an agreement

The two parties in the Senate are making last-ditch efforts to avoid a national debt crisis. They are confident of reaching an agreement. On Monday, President Obama convened congressional leaders to gather at the White House to avoid U.S. government debt...

The two parties in the Senate are making final efforts to avoid a national debt crisis and are confident of reaching an agreement. On Monday, President Obama summoned congressional leaders to the White House to make a final effort to avoid a default on the U.S. government's debt and end the government shutdown. Starting last Saturday, U.S. Senate Majority Leader Reid and Minority Leader McConnell began final negotiations to avoid a U.S. government debt default and end the government shutdown. People hope that the Senate leaders who have been able to reach key compromises in the tug-of-war between the two parties in the past five years can "repeat their magic skills" this time. However, 48 consecutive hours of "all-night talks" failed to bring any positive sign to the tug of war over the debt ceiling between the two parties. At Monday's meeting, Obama will continue to insist on rejecting the idea of ​​restarting the government by extending the debt ceiling. Both Reid and Cornell seemed confident about Monday's negotiations. Another bipartisan meeting was held Monday morning with Maine Republican Sen. Susan Collins. According to Collins, although no specific plan has yet been implemented, the negotiations between the two parties have achieved remarkable results. According to the latest forecast from the Bipartisan Policy Center (BPC), the period when the Treasury Department runs out of funds, leading to a technical default on U.S. Treasury bonds, will occur from October 22 to November 1. According to data from TreasuryDirect, a financial website related to the U.S. Department of the Treasury, from October 15th to November 15th, the United States has a total of $435 billion in U.S. maturing bonds that need to be rolled over, of which $120 billion in bonds will mature on the 17th, $93 billion in Treasury bonds will mature on the 24th, and $89 billion will mature on the 31st. On November 7 and 14, US$54 billion and US$79 billion will mature respectively. Among them, October 23, October 31 and November 1 are the key days when payments need to be made during this period. On October 23, US$12 billion in social security benefits were payable; on October 31, US$6 billion in public debt interest was payable. On November 1, the total amount of various types of payments due exceeded US$55 billion.