Biden Says GOP Filibuster on Debt Limit Would Be Unconscionable
- President voices hope Republicans ‘won’t be so irresponsible’
- Markets see deadlock in Washington raising U.S. default risk
Joe Biden remarks to members of the media before departing by Marine One, in Washington, on Oct 2.
Photographer: Michael Reynolds/EPA/Bloomberg
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President Joe Biden said it would be irresponsible of Senate Republicans to block a vote on suspending the U.S. debt ceiling and expressed hope that it won’t happen.
It’s the latest warning by the administration as markets increasingly focus on the political deadlock in Washington and the possibility of a U.S. default. Treasury Secretary Janet Yellen said this week the government’s cash would run out around Oct. 18 and Fitch Ratings said Friday the U.S.’s AAA sovereign rating could be at risk if Congress fails to raise the federal debt limit.