America will not default on its financial obligations and an agreement on spending priorities will be reached in the coming days, President Joe Biden said before departing on a trip to strengthen U.S. relationships with allies.
“America is not a deadbeat nation. We pay our bills. The nation has never defaulted on its debt, and it never will. And we’re going to continue these discussions with congressional leaders in the coming days until we reach an agreement,” the president told reporters at the White House on May 17.
The remarks appeared intended to offer assurance that the monthslong standoff between the president and House Speaker Kevin McCarthy (R-Calif.) over raising the nation’s $31.4 trillion debt ceiling would soon be resolved despite his absence from the country for four days….