US President Joe Biden called on the Republicans to stop playing Russian roulette with American economies and allow the Senate to vote for increasing the limit of public debt to avoid default. It is reported by RIA Novosti.
At the meeting with the leaders of the business community, the American leader stated that the United States “on any day after October 18” can end with funds with all the ensuing consequences, including a submission of confidence in the dollar as a global reserve currency, a decrease in national credit ratings, as well as the growth value of the mortgage, bank loans for ordinary Americans and the suspension of social payments and the military salary.
According to Biden, Republicans plan to block the vote on the increase in debt limit. “My republican friends should stop playing Russian roulette with the US economy. If they don’t want to do their job, let them just go to the side. We will do everything,” said the head of the White House.
Earlier it became known that the Republicans in the US Senate blocked the draft law on the financing of the government and the increase in the ceiling of public debt, and now the Democrats will have to try to avoid the hindered threat of an economic disaster. Approve financing is necessary until October 1. If the state holder limit is not raised, the United States risks encounter a default.
According to the head of the largest American bank JPMorgan Chase Jamie Daimon, a possible US default due to a public debt limit will have catastrophic consequences for the country’s economy.