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Biden cuts Asian trip short to negotiate debt ceiling

By May 17, 2023No Comments

Until President Biden can return, he has directed staff to meet daily on outstanding budget issues. He’s optimistic that there is a path to a responsible, bipartisan budget agreement if both sides negotiate in good faith.  A default would be catastrophic for the American people.  It would:

 

    • Erase millions of jobs
    • Trigger a recession
    • Devastate retirement accounts
    • Increase borrowing costs
    • Damage our international reputation

Kelly O’Donnell and Katherine Doyle report for NBC NewsBiden to cut Asia trip to negotiate debt ceiling