01/27/2023

President Biden Denounces Republicans over 'Mind-boggling' Debt Ceiling Threat

The new House Speaker is vowing to oppose any debt ceiling increase

On Thursday, President Joe Biden cast Republicans as representing the party of "chaos and catastrophe" and sharply criticized their refusal to approve an increase in the U.S. debt ceiling unless they get a deal on spending cuts.

In an impassioned speech at a steamfitters union hall in Virginia, Biden launched attack after attack on Republicans who control the U.S. House of Representatives, saying some of their proposals are dangerous for the American economy.

House Speaker Kevin McCarthy, a staunch conservative Republican, has vowed not to approve a debt ceiling increase unless Biden and his fellow Democrats reach a negotiated deal with Republicans on cutting future government spending.

Please select this link to read the complete article from Reuters.