President Biden accused Republican lawmakers of taking a ‘reckless’ position in refusing to join Democrats in voting to raise the government's $28.4 trillion debt limit as the U.S. faces the risk of a historic default in just two weeks
WASHINGTON, Oct 4 - President Joe Biden said on Monday the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats inSenate Republicans, led by Minority Leader Mitch McConnell, have twice in recent weeks blocked action to raise the, saying they do want action but will not help by voting for the move. Republicans say Democrats can use a parliamentary maneuver known as budget reconciliation to act alone.
"Just get out of the way," Biden told Republicans. "If you don't want to help save the country, get out of the way so you don't destroy it." In an open letter to Biden, McConnell reiterated that Democrats do not need Republican cooperation to pass a bill to raise the debt ceiling. Democrats have known the Republican position for three months, McConnell wrote.
Treasury Secretary Janet Yellen last week warned lawmakers that the United States government would exhaust its federal borrowing capabilities by about Oct. 18.
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