/President Biden speaks on the debt ceiling as U.S. default nears — 10/4/2021

President Biden speaks on the debt ceiling as U.S. default nears — 10/4/2021


President Joe Biden will on Monday implore lawmakers to raise or suspend the U.S. borrowing limit as the nation hurdles toward its first-ever default and near-guaranteed economic turmoil.

Biden is expected to call on both Democrats and Republicans to put partisan bickering aside and address the debt ceiling before Oct. 18, when the Treasury Department estimates the U.S. will exhaust emergency efforts to honor its bond payments.

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President Biden speaks on the debt ceiling as U.S. default nears — 10/4/2021

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