Biden Is ‘Confident’ , US Will Avert Default.
On May 17, President Joe Biden said that he
remains "confident" that the United States
will avoid defaulting on its debt.
On May 17, President Joe Biden said that he
remains "confident" that the United States
will avoid defaulting on its debt.
ABC reports that his optimism
comes as debt ceiling negotiations
are getting down to the wire.
I'm confident that we'll get
the agreement on the budget
that America will not default, Joe Biden, United States President, via ABC.
We're going to come together
because there's no alternative, Joe Biden, United States President, via ABC.
Biden's comments came as he
embarked on a trip to Japan
for a meeting with G7 leaders.
According to ABC, the president canceled the second leg
of his trip, which would have included a visit to Papua New
Guinea and Australia, to tackle debt ceiling negotiations.
Biden has repeatedly said that
raising the debt ceiling is nonnegotiable. .
Not about whether or not we are
going to, in fact, pay our debts.
All the leaders have agreed we will
not default. Every leader has said that, Joe Biden, United States President, via ABC.
ABC reports that the U.S. is headed toward loan
default possibly as soon as June 1, unless
lawmakers raise or suspend the debt ceiling.
Given the impending June 1 deadline
and urgency of the moment, it is important
that all legislative options be pursued in
the event that no agreement is reached, Hakeem Jeffries, House Minority Leader D-N.Y., via ABC