The U.S. is again within mere weeks of failing to make good on all its obligations. That is not a position befitting of a country considered the bedrock of the financial system, and only adds uncertainty to an already shaky economy.
“We pay our bills and we should do so without reckless hostage-taking from some of the MAGA Republicans in Congress,” Biden says.
The President offers a plan to trim more than $3 trillion in deficits over the next decade.
The president calls GOP hypocrisy on spending and debt limit claims a major problem that he will highlight as he heads into the 2024 presidential campaign season.