

Credit: Unsplash
President Joe Biden has asserted that he would bear no blame if the United States defaults on its debt in the coming days. Speaking at a news conference during his visit to Hiroshima, Japan, where he engaged in discussions with G-7 nations, Biden addressed the ongoing negotiations and the potential repercussions of default. He accused certain “MAGA Republicans” of intentionally seeking to cause an economic crash ahead of his re-election effort.
Emphasizing his own efforts in negotiations, Biden stated, “I’ve done my part,” and called for the other side to reconsider their positions, as some proposals were deemed unacceptable. A follow-up question from Fox News’ Peter Doocy queried whether Biden would be held blameless in the event of a default. In response, Biden joked, “Of course, no one will blame me; I know you won’t; you’ll be saying Biden did a wonderful job.” He added that based on the merits of his proposals, he would consider himself blameless but acknowledged that politically, no one would be blameless in such a situation.
.@POTUS 'Not My Fault' @JoeBiden says if the United States debt ceiling is not raised & the country defaults on its obligations, "on the merits, based on what I have offered, I would be blameless."#Blameless $SPY $SPX pic.twitter.com/vJOdUVG7G5
— Joe (@9Joe9) May 21, 2023
Biden expressed his concerns about the potential damage a default could inflict on the economy. He mentioned that some “MAGA Republicans” in the House might be aware of this, and their actions could be influenced by their desire to ensure Biden is not reelected. While Biden claimed the authority to raise the debt limit using the 14th Amendment unilaterally, legal experts have questioned the validity of this argument.
Negotiations between Republicans and the White House have hit a snag, with significant differences remaining between the two sides. The primary point of contention lies in determining which areas of discretionary spending should be reduced. Despite the challenges, the White House has expressed hope for a responsible and bipartisan budget agreement if both sides negotiate in good faith.
As the deadline for addressing the debt ceiling approaches, the potential for a default looms large. The outcome of these negotiations will have far-reaching consequences for the U.S. economy and could impact Biden’s presidency. It remains to be seen how the situation will unfold and whether a resolution can be reached to avert a potential crisis.
The Rise of Electric Vehicles
-
President Joe Biden and House Speaker Kevin McCarthy engaged in crucial negotiations on Monday to address the US government’s...
-
Disney vs. DeSantis: Clash Between Politician and Disney as $1 Billion Project Crumbles The Walt Disney Co. has escalated...
-
Both Biden and Trump have sent troops to the Mexican border, but that is where the similarities end. While...
-
Violence Continues to Surge Throughout Pakistan The ex-Prime Minister of Pakistan, Imran Khan, has been held on corruption charges...
-
Caught in a War of Words: U.S. and Russia Clash Over Alleged Attack on Kremlin The ongoing conflict between...
-
Alexandria Ocasio-Cortez Clears Path for Gillibrand’s Senate Reelection Campaign Alexandria Ocasio-Cortez, the progressive Democratic congresswoman from New York, has...
-
South Korea and U.S. Vow Overwhelming Response to North Korea’s Nuclear Threat South Korean President Yoon Suk Yeol and...
-
Cleaning Up Radioactive Water: Minnesota Nuclear Plant Takes Action A nuclear power plant in Minnesota is currently undergoing a...
-
U.S. Intelligence Reveals Its Tactics: The Inner Workings of American Espionage Recently, a significant leak of classified Pentagon documents...
-
Food Stamps: A Critical Lifeline or a Drain on Federal Spending? The Debate Continues. As Republican leaders continue pushing...
-
Gun control has long been a contentious issue in the United States and President Joe Biden has pledged to...
-
The lands around Spirit Mountain will be designated as protected territory. Today, United States President Joe Biden is scheduled...