The reporter asked Biden a question about the ongoing debt talks in the US which have turned into an impasse as Republican lawmakers and the White House are at loggerheads over spending cuts. Biden didn’t describe it as serious as it appears. “It (talks) goes on in several phases. I have participated in these talks earlier also. Biden was speaking when a reporter interrupted him for a question.
First scolded then Biden smiled
The US President got angry on this and said to him, ‘Shut up, okay?’ Saying this, Biden gave a small smile and continued his talk. Actually America needs to increase its debt limit, which is currently $ 31 trillion, so that the government can continue to pay the country’s bills. The debt ceiling is the maximum amount that the US government can borrow to meet its financial expenses. The amount or limit will be decided by the US Parliament.
Why is the conversation stalled?
Actually, the Biden administration needs more loans to run the expenses, which is approved by the Parliament, but its path is not looking easy. The impasse between the White House and the House of Republicans threatens a possible default that could have serious consequences for the US economy and the world. Republicans are calling for major cuts in non-defense spending while pushing for increased funding for the Pentagon. This could affect education and health, which Democrats are opposing.