Biden suspends his trip to Australia to negotiate the debt ceiling and avoid suspension of payments

By not attending Biden, Australia has canceled the security summit of the leaders of the Quad, which includes India, the United States and Japan.

Ehe President of the United States, Joe Biden He is forced to suspend his trip to Australia to negotiate the debt ceiling with the Republicans and avoid going into suspension of payments

By not attending Biden Australia has canceled the security summit of the leaders of the Quad, which integrates together with India, the United States and Japan.

The priority for the president of the United States is the domestic front and reaching an agreement with the Republicans: “I am postponing the part of the trip to Australia and my trip to my stop in Papua New Guinea in order to be back by final negotiations with congressional leaders. I think in today’s meeting there has been an overwhelming consensus among congressional leaders that debt default is simply not an option. Our economy would go into recession.”

Republicans, Democrats and the White House have been negotiating for weeks to raise the country’s debt ceiling and thus prevent the Government from entering into suspension of payments.

It is currently pegged at $31.4 trillion, a level that was reached in January. The deadline to reach an agreement is May 31.

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