Economic news
Biden says Republicans manufacturing a crisis over debt limit
2023.05.05 12:44
© Reuters. FILE PHOTO: U.S. President Joe Biden arrives to attend Catholic Mass at Holy Trinity Catholic Church in Washington, U.S., April 30, 2023. REUTERS/Elizabeth Frantz
WASHINGTON (Reuters) – US President Joe Biden sharply criticized ‘MAGA’ Republicans for their refusal to vote in a higher federal debt ceiling, signaling that there would be little compromise from the White House at a key May 9 meeting with congressional leaders.
Republicans are “divided” on the debt ceiling, Biden said, speaking ahead of a meeting on US investment at the White House, and so-called MAGA Republicans are pushing “draconian” cuts in the budget.
“The last thing this country needs … is a manufactured crisis,” he said.