Biden can’t promise GOP won’t cause default.

President Biden Admits US May Default on Loans Amid Debt Ceiling Negotiations

President Joe Biden has conceded that the United States may default on its loans as debt ceiling negotiations with congressional Republicans stall. Speaking to reporters on Sunday, Biden expressed concern that Republicans may force a default by doing something outrageous. He also suggested that “MAGA Republicans in the House” were seeking to take political advantage of a default because it would devastate the economy and hurt his chances of being reelected.

Blame Game

While liberals are blaming Republicans for their pursuit of a debt ceiling “Plan B,” Biden believes he can invoke the 14th Amendment to prevent a default. However, he has expressed concerns about whether the amendment, which stipulates U.S. debt “shall not be questioned,” could be invoked in time.

Hopeful for Negotiations

Biden is hopeful that Speaker Kevin McCarthy is waiting to negotiate with him when he returns to the White House. The two are expected to speak on the phone on Sunday. In a wide-ranging press conference, Biden also expressed optimism about the U.S.-China relationship, saying that he expects it to improve soon.

Anticipating Improvement

After China directed a “silly balloon that carried two freight cars worth of spy equipment” over the continental U.S., Biden believes that “everything changed.” He thinks that the U.S.-China relationship will begin to thaw shortly, which is good news for both countries.

Key Takeaways:

• President Biden admits that the United States may default on its loans as debt ceiling negotiations with congressional Republicans stall.
• Biden believes he can invoke the 14th Amendment to prevent a default, but he has expressed concerns about whether it could be invoked in time.
• Biden is hopeful that Speaker Kevin McCarthy is waiting to negotiate with him when he returns to the White House.
• Biden expects the U.S.-China relationship to improve soon after China directed a “silly balloon that carried two freight cars worth of spy equipment” over the continental U.S.

Stay tuned for updates on the debt ceiling negotiations and the U.S.-China relationship.