Biden confident US will avoid default amid tense debt talks

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Biden confident US will avoid default amid tense debt talks
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Mr Biden said there are often hiccups in negotiations and that the two sides could bridge their differences. Read more at straitstimes.com.

could lead to a catastrophic US default, saying Republicans and Democrats will still be able to reach an agreement.

“I still believe we’ll be able to avoid a default and we’ll get something decent done,” he said during a meeting with Australian Prime Minister Anthony Albanese. Ms Jean-Pierre kicked off a press briefing from Hiroshima Saturday saying there were “real differences between the two sides,” and Mr LaBolt later issued a statement that called for Republicans to “negotiate in good faith”.

Comments from some Republicans and White House officials indicated that there are still major hurdles to clear until a deal could be reached. Mr LaBolt called on Republicans to consider raising revenues as part of the budget and debt-limit talks, something they have refused to do. It has shadowed Mr Biden’s overseas trip. The president postponed travel to Australia and Papua New Guinea in order to return to Washington for the final stages of negotiation.designed to advance Mr Biden’s goals of countering China in the Indo-Pacific region.

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