US President Joe Biden accused Republicans on Friday of holding the US economy 'hostage' by refusing to pass a debt limit increase unless he first agrees to 'draconian' budget cuts.
US President Joe Biden said Republican lawmakers are holding the US economy 'hostage' by refusing to pass a debt limit increase unless he first agrees to 'draconian' budget cuts.WASHINGTON - US President Joe Biden accused Republicans on Friday of holding the US economy"hostage" by refusing to pass a debt limit increase unless he first agrees to"draconian" budget cuts.
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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