US President Joe Biden has promised not to let the country default. that quote TASS.
According to the head of state, some of our “Republican friends” in the House of Representatives of Congress are declaring that they are “taking the US economy hostage”.
“They say that if I don’t participate in their economic plans, which is completely irresponsible, then they will not pay the public debt that has accumulated for 200 years. Neither this year’s nor last year’s debt. “We’ve reduced the deficit by $1.7 billion over the past two years,” the owner of the White House said at an event in Maryland.
He pointed out that these are obligations that the United States has accumulated over 200 years.
“I have made it clear that I do not intend to discuss whether we will pay our debt or not. I will not allow this country to default,” the American leader continued.
He also noted that his default would be “disastrous” for his country.
Biden added that Congress must now approve an unconditional increase in the national debt ceiling, as it has in the past.
Formerly Congressional Budget Office warned risk of default in July-September 2023 if the public debt ceiling is not raised.