Connect with us

Hi, what are you looking for?

Latest News

Biden tells reporter at Japan G7 summit to ‘shush up’

President Biden hushed a reporter in Japan on Sunday during an press conference in which he was asked about the debt ceiling crisis.

The president was attending the G7 economic summit in Hiroshima, Japan when he took questions from reporters. Australian Prime Minister Anthony Albanese was present during the bilateral meeting.

A reporter called out and asked Biden if Republicans were negotiating the debt ceiling in good faith, which he motioned to respond to.

‘This goes in stages, I’ve been in these negotiations before,’ Biden began, before a reporter interjected ‘

They started off…shush up, okay?’ Biden said to the reporter.

‘It goes in stages….and what happens is the first meetings weren’t all that progressive. The second ones were, third one was,’ Biden explained. ‘And then what happens is the…The carriers go back to the principals and say, this is what we’re thinking about. And then people put down new claims.’

‘I still believe we’ll be able to avoid a default and we’ll get something decent done,’ Biden concluded before adjourning the presser.

The statement comes as the White House continues to call for bipartisan negotiations regarding the debt ceiling from both Republicans and Democrats. Biden has advised that the debt ceiling should be raised as soon as possible, while Republicans are holding back their support unless certain spending reductions are made.

‘The president has made clear that members of Congress from both parties and chambers must come together to prevent default, as they have 78 times before,’ the White House said in a previous statement. ‘The president and his team will continue to work with congressional leadership to deliver a budget agreement that can reach the president’s desk.’

The Treasury Department says that without a debt ceiling increase, the U.S. government will no longer have the money to pay its spending obligations on around June 1.

Economists predict that if the debt ceiling issue is not resolved by early June, the United States may default on its debt, which would be a severe blow to the economy.

Fox News Digital’s Michael Lee and Sarah Rumpf-Whitten contributed to this report.

This post appeared first on FOX NEWS

You May Also Like

Latest News

President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged...

Stock

One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the...

Latest News

Activists on Saturday demanded that the state of California pay millions of dollars to each Black resident in reparations as a way to make...

Latest News

Vice President Kamala Harris spent a whopping $1.5 billion during her 15-week campaign that ended in defeat to President-elect Donald Trump, including burning through...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com