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Biden Warns That U.S. May Breach Debt Limit, Blaming McConnell

  • Schumer plans debt-ceiling suspension vote as soon as Monday
  • McConnell tells Democrats to use ‘reconciliation’ process
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WATCH: President Joe Biden says raising the debt limit has nothing to do with new spending.Source: Bloomberg)
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President Joe Biden warned that the U.S. government is at risk of breaching the legal limit on its debt in two weeks, blaming Senate Republican Leader Mitch McConnell for what he described as a “meteor” headed for the economy.

Asked after a White House speech on the debt-limit dispute whether he could guarantee the U.S. wouldn’t exceed the ceiling on its debt, Biden answered: “No, I can’t.”