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US debt: in the absence of a deal, Joe Biden interrupts a big tour in Asia but remains “optimistic”

The US president will return to Washington earlier than initially planned to meet with the Republican opposition and “guarantee that Congress takes action on time to avoid a default,” explained the word of the US executive, Karine Jean-Pierre, in a press release. release.

Joe Biden will return to the White House on Sunday after the G7 summit in Japan to dedicate himself to tough talks on public debt, giving up trips to Australia and Papua New Guinea, the White House reported Tuesday.

Joe Biden informed Australian Prime Minister Anthony Albanese of the postponement of his visit and officially invited him to the White House, Karine Jean-Pierre, a spokeswoman for the US executive, also said.

The Prime Minister of Papua New Guinea, James Marape, was also informed.

Presence in the G7 is maintained

Joe Biden also intends to travel to Japan on Wednesday for the G7 summit where he will meet with the leaders of the Quad, the alliance made up of the United States, Japan, Australia and India, said John Kirby, House Homeland Security spokesman. White. Council, during a press conference.

The US president has been carrying out intense diplomatic activity for several months with the leaders of the Asia-Pacific region, in order to strengthen American alliances in the face of the rise of China.

“Countries like Russia and China would love nothing more than to see us go bankrupt,” John Kirby said Tuesday.

But Republicans and Democrats must absolutely agree for Congress to authorize the US federal government to borrow more, otherwise it will no longer be able, perhaps as of June 1, to pay civil servants, pay pensions and security benefits. company, or pay off your creditors.

Still “a lot of work to do in a short time”

At the risk of derailing the US and world economy, warns the White House.

The Democratic leader thus met on Tuesday with the four leaders of his party and the Republican party in Congress to try to find an agreement. If Joe Biden said he was “optimistic” after a “frank and productive” meeting, the Republican head of the House of Representatives, Kevin McCarthy, assured that there was “a lot of work to be done in a short time” to find a middle ground. .

Joe Biden will meet key congressional officials by phone again this week, before seeing them again in person, after returning from a trip to Japan on Sunday.

Author: GA with AFP
Source: BFM TV

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