Biden Confident US Will Avoid Default Amid Tense Debt Talks

President makes comments to reporters at Hiroshima G-7 Summit
White House, Republicans resumed talks after pause Friday

WATCH: “I still believe we’ll be able to avoid a default,” President Joe Biden said as he spoke to reporters in Hiroshima, Japan.

Source: Bloomberg

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By Jenny Leonard and Jordan Fabian

May 20, 2023 at 5:50 AM UTC

Updated on

May 20, 2023 at 6:51 AM UTC

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President Joe Biden downplayed fresh concerns that tensions in US debt-limit negotiations could lead to a catastrophic US default, saying Republicans and Democrats will still be able to reach an agreement.

“Not at all,” Biden said Saturday in Hiroshima, Japan when asked if he was concerned with the state of the talks.