Axios: Democrats concerned by Biden’s reluctance to discuss rise in public debt

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Democrats are concerned by US President Joe Biden’s reluctance to discuss increasing the national debt to avoid default, the portal reported. axis.

“Democratic anxiety is growing because of Biden’s position on the national debt ceiling,” the message says.

Senator Joe Manchin, who maintains a centrist position in the Democratic Party, noted that Biden’s delay promised a “historical default” for the United States.

Kyle Szostak, former director of the American investment firm Navigator Principal Investors declarationThat the situation in the US public debt could lead to the depreciation of the dollar.

According to him, in February 2023, the total federal debt of the United States exceeded $31 trillion, reaching 125% of the country’s gross domestic product (GDP).

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