Thursday, June 8, 2023

Biden promises the United States will not default

Washington, United States.

President Joe Biden certain thursday that E *United States and not from * default He was also initiated with the legislators break for 10 days without an agreement arising from the debt limit of the nation.

A week left until the 1st of June, the time from which the government could remain sin money for* your honor and he could pull out a earthquake shake it off world market

However, members of Congress use the long acting vacation Day of the Evocators and they are not expected to return before the fourth of the next month.

“It won’t be there default“Certainly” Biden in The White House and added his treaty with the Republican President of the House of Representatives; Kevin McCarthy.

But the prince is smalleras popular In that room Hakeem Lassus is brought to republican He accused them of abandoning their duty Washington and “the risk of a dangerous default in the crisis of the proper party.”

And these Republicans say Joe Biden He refused to sit down to negotiate with them, he added. “That’s one thing a false narrative”.

representatives republican They are demanding cuts in public spending up to 130,000 million of* Dollar in exchange for a vote to increase the cap was disappearing They also want stricter requirements for applicants to be granted and to reduce help with money it is not spent before the covid pandemic

The popular nega cuts and forces republican issued unconditional maintenance of the debt ceiling, as they did just a few years ago.

For months economists have been predicting economic disaster if USA attack default. This Thursday the person who was talking was a senior military leader Pentagon He warned that the default had “a significantly high impact” forces “.

“Preparation is obviously affected. So our large-scale exercises would be delayed or blocked in many cases,” Mark Milley, the chairman of the Chief of Staff, told reporters.

McCarthy He meant that the legislators should return urgently Washington if in his absence the meeting is held and must be decided in the Chamber.

The legislator stated that he would accept the government’s idea Biden to impose tax hikes corporations or the rich as an alternative to cut to reduce the burden of the national debt, which exceeds;It is 31 trillion dollars.

McCarthy He pointed to the headlines this week in which 60% of respondents said the debt ceiling should be accompanied by a growth r.ecocuts; although 51% of those polled by consultants from the University of Monmouth stated that they wanted to separate the two issues.

Treasury Assistant Secretary Wally Adeyemo told investors in a conference in Washington that the threat of default It’s a “making up” crisis, which is already making borrowing more expensive and costing Americans money.

If the process is not rushed, the convention would require at least 10 days for approval house of representatives and the senate, and come to the Lord’s table Biden for its publication.

About social security payments 25,000 million of* Dollar which interrupted the schedule for the 2nd of June.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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