Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Latest News

Biden tells reporter at Japan G7 summit to ‘shush up’

President Biden hushed a reporter in Japan on Sunday during an press conference in which he was asked about the debt ceiling crisis.

The president was attending the G7 economic summit in Hiroshima, Japan when he took questions from reporters. Australian Prime Minister Anthony Albanese was present during the bilateral meeting.

A reporter called out and asked Biden if Republicans were negotiating the debt ceiling in good faith, which he motioned to respond to.

‘This goes in stages, I’ve been in these negotiations before,’ Biden began, before a reporter interjected ‘

They started off…shush up, okay?’ Biden said to the reporter.

‘It goes in stages….and what happens is the first meetings weren’t all that progressive. The second ones were, third one was,’ Biden explained. ‘And then what happens is the…The carriers go back to the principals and say, this is what we’re thinking about. And then people put down new claims.’

‘I still believe we’ll be able to avoid a default and we’ll get something decent done,’ Biden concluded before adjourning the presser.

The statement comes as the White House continues to call for bipartisan negotiations regarding the debt ceiling from both Republicans and Democrats. Biden has advised that the debt ceiling should be raised as soon as possible, while Republicans are holding back their support unless certain spending reductions are made.

‘The president has made clear that members of Congress from both parties and chambers must come together to prevent default, as they have 78 times before,’ the White House said in a previous statement. ‘The president and his team will continue to work with congressional leadership to deliver a budget agreement that can reach the president’s desk.’

The Treasury Department says that without a debt ceiling increase, the U.S. government will no longer have the money to pay its spending obligations on around June 1.

Economists predict that if the debt ceiling issue is not resolved by early June, the United States may default on its debt, which would be a severe blow to the economy.

Fox News Digital’s Michael Lee and Sarah Rumpf-Whitten contributed to this report.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Everynet, one of the world’s largest network operators for national LoRaWAN® networks, announces it is working with Amazon Web Services (AWS) to offer long-range...


    As more candidates throw their hats into the 2024 Presidential ring, I’d like to offer a proposal that should have immediate bipartisan support: stop...

    Editor's Pick

    The Internet of Things (IoT) is changing the way we interact with technology, and it has the potential to revolutionize the way we manage...

    Editor's Pick

    Semtech Corporation and esteemed engineering design services firm, Connected Development, today announced the launch of the new XCVR Development Board and Reference Design integrating...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023