Saturday, June 10, 2023

Republicans should abandon “extreme” position on debt ceiling

US President Joe Biden said on Sunday that Republicans in the House of Representatives must abandon their “extreme positions” in stalled talks on raising the US debt ceiling, adding that there is no way to avoid a catastrophic default only on the terms set by The deal won’t happen. Republican.

“It’s time for Republicans to acknowledge that there is no bipartisan agreement to attack them solely on their partisan terms,” ​​Biden said in Hiroshima, Japan.

Biden said he played his part in trying to raise the debt ceiling so the US government could continue paying its bills. “The time has come for the other side to withdraw from its extreme position,” he said.

Biden was scheduled to speak with House Speaker Kevin McCarthy, R-Calif., later Sunday.

Republican lawmakers stuck to their demands for drastic budget cuts and rejected the White House’s proposed options for reducing the deficit.

Biden avoided debt ceiling talks for months, insisting that Congress was trying to use the debt ceiling as a bargaining tool to gain ground on other legislative priorities.

But the US Treasury Department has said it could run out of cash by June 1, and Republicans have put their legislation on the table, so the White House has begun talks on a budget deal that would come with an increase in the debt ceiling. It is possible

Nation World News Desk
Nation World News Desk
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