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US debt default ‘not an option’, says Biden

Zeke Miller, Seung Min Kim and Lisa Mascaro

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Washington | President Joe Biden and congressional leaders confronted each other on the debt limit impasse on Tuesday (Wednesday AEST), ending their meeting with no breakthrough but agreeing to meet again this week to try to avert the looming risk of an unprecedented government default.

Speaking at the White House, Mr Biden described the talks as “productive” even though House Speaker Kevin McCarthy said after the high-stakes Oval Office meeting that he “didn’t see any new movement” toward resolving the stalemate.

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    Original URL: https://www.afr.com/world/north-america/us-debt-default-not-an-option-says-biden-20230510-p5d7fu