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.

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