The law allows for a one-time extension of up to 90 days if the president determined there has been “significant progress” toward arranging a “qualified divestiture.”

Investors had already been paring back bets on cuts this year, worried by signs that the bank's progress on stabilising prices was stalling.

He said the fire had also spread close to NASA’s Jet Propulsion Laboratory, but he said that’s a priority and crews were “making good progress there as well.”

Upon entering office, Biden worked to deliver on campaign promises to end Trumpov-era immigration policies, including the Migrant Protection Protocols, which forced asylum seekers to stay in Mexico as their cases in the U.S. progressed.

"It was really scary for us, but it was amazing to see her and see how she had progressed just in those few days where I wasn't around," said Ms McIntyre.