Biden: We're going to have a discussion about US debt with House leader

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Biden: We're going to have a discussion about US debt with House leader
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Biden said a US debt default would be a calamity unlike anything ever seen in the US financially. Read more at straitstimes.com.

WASHINGTON - President Joe Biden on Friday pledged to “have a discussion” with House of Representatives Speaker Kevin McCarthy on US debt amid a looming debate about raising the debt ceiling.

He did not provide details on when he might talk to Mr McCarthy, the newly named Republican Speaker, who wants to link a vote to raise the debt ceiling to government spending cuts. “Like the President has said many times, raising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos,” she said.

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