Biden Dials Up Pressure: ‘World Is in Trouble’ If We Default
- White House says Republican-backed cuts will damage economy
- Few signs of headway after Biden, McCarthy hold tense meeting
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President Joe Biden said a US default would drag the country into a recession and have devastating repercussions across the global economy as he sought to ramp up pressure on Republicans to strike a deal to raise the US debt limit.
“If we default on our debt, the whole world is in trouble,” Biden said Wednesday at Westchester Community College in Valhalla, New York.