United States president Joe Biden on Monday went furious after he was asked about the need to raise the country’s debt ceiling to avoid default
Mr Biden called opponents ” reckless and dangerous” saying he cannot guarantee” that the US will not default.
” No, I can’t. That’s up to Mitch McConnell, ”he said, referring to the top Senate Republican, who is leading the opposition to help Democrats raise the debt ceiling.
For failing to join with Democrats in raising the debt limit president Biden called them “Reckless and dangerous” – Republican obstruction could push ” our economy over the edge, ” he added in a speech at the White House.
“ They are threatening (the Republicans) to use their power to stop us from doing our job, which is to save the economy from a catastrophic event. I think that is downright hypocritical, dangerous and regrettable. They have to stop playing Russian roulette with the American economy, ”Biden said.
The president went on the offensive with a speech attacking Republicans for the looming threat of default, but also pressuring his Democratic Party to enact its stalled multi-trillion dollar domestic spending agenda.
Back from an unusual weekend off at his Delaware home , Biden plunged into the most consequential period of his presidency yet.
On the one hand, he faces the determination of Republicans to curb his momentum and regain control of Congress in next year’s midterm legislative elections . On the other hand, Biden faces infighting among Democrats over his infrastructure and social spending bills .
Although Biden’s legacy may ultimately hinge on the $ 1.2 trillion infrastructure package and a potentially $ 3.5 trillion social spending package, the entire U.S. and global economy faces the imminent threat of a possible non-payment of debt.
The Secretary of the Treasury, Janet Yellen, warns that, as of October 18, the United States will not have funds to meet its obligations to creditors if Congress does not relax the legal debt ceiling.
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