President Joe Biden accused Republicans of holding the US economy “hostage” by refusing to pass a debt limit increase unless he first agrees to “draconian” budget cuts. | AFP
Biden said he would tell congressional leaders when they meet on Tuesday that they must do “what every other Congress has done — that is pass the debt limit, avoid default.”Republicans in Congress are insisting on Biden first accepting major budget cuts before they vote to extend the US debt ceiling, allowing the government to borrow more money.
“They’re trying to hold the debt hostage to us to agree to some draconian cuts,” Biden said at a White House meeting on the economy.
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