Biden says Republican stonewalling on debt ceiling risks U.S. default

WASHINGTON, Oct 4 - President Joe Biden said on Monday the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats inSenate Republicans, led by Minority Leader Mitch McConnell, have twice in recent weeks blocked action to raise the, saying they do want action but will not help by voting for the move. Republicans say Democrats can use a parliamentary maneuver known as budget reconciliation to act alone.

"Just get out of the way," Biden told Republicans. "If you don't want to help save the country, get out of the way so you don't destroy it." In an open letter to Biden, McConnell reiterated that Democrats do not need Republican cooperation to pass a bill to raise the debt ceiling. Democrats have known the Republican position for three months, McConnell wrote.

Treasury Secretary Janet Yellen last week warned lawmakers that the United States government would exhaust its federal borrowing capabilities by about Oct. 18.

Reuters - you do know that raising the debt limit pays for the debt we already have....you know, the Trump and McConnell debt. Thanks for pointing that out.

Does this crap ever end your suppose to work for the people not if your a Democrat or Republican

FJBiden

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Biden calls for Senate to vote on debt limit increase this weekPresident Joe Biden called Monday for a Senate vote this week on raising the country's debt limit, saying opposition from Republicans could create 'a self-inflicted wound that takes our economy over a cliff.” There's only an 'alarming price-tag' on Dem initiatives, not on GOP initiatives. GOP only does tax-cuts for the rich, which is as far as their imaginations take them, and they don't care what those cost! Republican politicians are protecting their billionaire owners interests. They definitely ain’t protecting us non-billionaires Asking for greater taxes and nobody is working is how to destroy a nation and currently the Democrats are doing that.
Source: YahooNews - 🏆 380. / 59 Read more »

Biden: ‘I can’t’ guarantee U.S. won't hit debt limitBiden said Monday that he could not guarantee that the federal government will not default on debt payments due later this month. “I don't believe that. But can I guarantee it? If I could, I would, but I can't,” the president said. Hey Politico - its called Honesty Not something you guys would be familiar with Actually, he said it's up to McConnell and that he didn't think it would come to that but couldn't guarantee it. He said if he could, he would. Hmm...maybe the guy who said all media outlets are trying to help Republicans crash the whole country is right?
Source: politico - 🏆 381. / 59 Read more »