Biden Blames Lawmakers for Not Raising Debt Limit

Yesterday President Biden slammed Republican lawmakers for opposing efforts to keep the nation from being unable to pay it’s debts for the first time in it’s history. In a speech at the White House, the President put the blame on Republicans for refusing to join alongside Democrats in raising the debt limit to pay for debts incurred in the past. Biden said “not only are Republicans refusing to do their job, but they’re threatening to use their power to prevent us from doing our job — saving the economy from a catastrophic event. Ithink quite frankly it’s hypocritical, dangerous and disgraceful.”

Congress has until October 18th to increase the country’s borrowing limit according to Treasury Secretary Janet Yellen. Following the speech, Biden said he couldn’t guarantee the U.S. wouldn’t hit it’s debt ceiling and added “…I can’t believe that that would be the end result, because the consequences are so dire. I don’t believe that, but can I guarantee it? If I could, I would, but I can’t.”