President Biden slams Republican demands in negotiations to resolve the US debt ceiling standoff as 'unacceptable' but said a solution can still be found before a disastrous default
Biden said he would talk directly with Republican House Speaker Kevin McCarthy during his Air Force One flight back to Washington and said "we can reach an agreement." / Photo: Reuters
Speaking at a press conference on Sunday just before leaving to return to Washington from the G7 summit in Hiroshima, Japan, Biden said Republicans' latest demands for spending cuts as a condition for raising the US government borrowing authority were"frankly unacceptable".Biden said he would talk directly with Republican House Speaker Kevin McCarthy during his Air Force One flight on Sunday back to Washington."We can reach an agreement," he said.
Biden said that he was looking into an obscure constitutional clause in the 14th Amendment, which states that the validity of public debt"shall not be questioned" — and potentially authorising the president to circumvent Congress and raise the debt ceiling himself. The Treasury Department says that the government could run out of money and default on its $31 trillion debt as early as June 1 if Congress, where Republicans control the House of Representatives, does not authorise more borrowing.
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