Biden warns ‘meteor headed to crash’ into US economy amid debt struggle

President condemns ‘reckless’ Republicans for pushing government towards historic debt default

• US politics – live coverage

Joe Biden has condemned “reckless” Republicans for pushing the US government towards a historic debt default, warning: “A meteor is headed to crash into our economy.”

The president’s intervention came because there is a cap on how much money the federal government can borrow, which only Congress has the power to raise or lower.

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from World news | The Guardian https://ift.tt/3Ff8aNL