Biden declares ‘America will not default,’ says he’s confident of budget deal with GOP lawmakers

The Associated Press

WASHINGTON (AP) – President Joe Biden is declaring he’s confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.

Biden made his remarks as he left for a global summit in Japan. He’ll return Sunday in hopes of approving a final deal.

“I’m confident that we’ll get the agreement on the budget and America will not default,” Biden said from the Roosevelt Room of the White House. He said he and lawmakers will come together “because there’s no alternative.”

Speaker Kevin McCarthy agreed, though he was more combative, saying Biden had “finally backed off” and come to the negotiating table.

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5/17/2023 12:53:09 PM (GMT -5:00)