JOE BIDEN

US Debt Talks On Knife Edge

US President Joe Biden warns he will not accept 'extreme' Republican demands in debt talks, but suggests there remains a path to success
Talks to avoid a US debt default were on a knife edge Saturday as President Joe Biden warned he would not accept "extreme" Republican demands but suggested there remained a path to success.
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US President Joe Biden said Republican lawmakers are holding the US economy 'hostage' by refusing to pass a debt limit increase unless he first agrees to 'draconian' budget cuts.

Biden Says Republicans Holding US Economy 'Hostage'

The Biden administration says funds will run out as early as June 1 if the extension -- an annual accounting maneuver that usually passes with little debate -- doesn't happen, triggering national debt default.

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