NewsBite

US debt default ‘not an option’, says Biden

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.

Loading...

AP

Read More

Latest In North America

Fetching latest articles

Most Viewed In World

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