An optimistic President Joe Biden declared Wednesday he is confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.
Biden’s upbeat remarks came as a select group of negotiators began meeting to try and hammer out the final contours of ato unlock a path for raising the debt limit as soon June 1. That is when the Treasury Department says the U.S. could begin defaulting on its obligations and trigger financial chaos.
“It would be catastrophic for the American economy and the American people if we didn’t pay our bills,” Biden said. “I’m confident everyone in the room agreed … that we’re going to come together because there’s no alternative. We have to do the right thing for the country. We have to move on.” Democrats are upset about the possibility of new work requirements for some recipients of government aid. And Republicans want much tougher budget restraints than the Democrats support.
The contours of an agreement have begun to take shape, but the details of spending cuts and policy changes will make or break whether the divided Congress can strike a bipartisan deal with the White House.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Biden declares 'America will not default,' says he's confident of budget deal with GOP lawmakersPresident Joe Biden is declaring he's confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive. Biden made his remarks as he prepared to leave for a global summit in Japan. “I’m confident that we’ll get the agreement on the budget and America will not default,” Biden said from the Roosevelt Room of the White House. He said he and lawmakers will come together “because there’s no alternative.”
Baca lebih lajut »
Biden declares ‘America will not default,’ says he’s confident of budget deal with GOP lawmakersHe said he and lawmakers will come together “because there’s no alternative.”
Baca lebih lajut »
Biden declares 'America will not default,' says he's confident of budget deal with GOP lawmakersPresident Joe Biden said Wednesday that he was “confident” that the U.S. would avoid an unprecedented and catastrophic debt default, saying the talks were productive as he prepared to leave for a global summit in Japan.
Baca lebih lajut »
Biden declares ‘America will not default,’ says he’s confident of budget deal with GOP lawmakersHe said he and lawmakers will come together “because there’s no alternative.”
Baca lebih lajut »
Biden declares 'America will not default,' says he's confident of budget deal with GOP lawmakersPresident Biden said Wednesday that he was “confident” that the U.S. would avoid an unprecedented and catastrophic debt default, saying the talks were productive as he prepared to leave for a global summit in Japan. biden kprc2 click2hou debt us
Baca lebih lajut »
Opinion | GOP’s Presidential Candidate Must Find America’s Moral CenterFrom WSJopinion: The candidate who best expresses Americans’ yearning for cultural moderation and common sense will have a huge advantage in next year’s presidential contest, writes William Galston
Baca lebih lajut »