‘Irresponsible’ We’re so close to default, Biden ‘held the line’

During an interview with CBS News on Thursday, White House National Economic Council Deputy Director Bharat Ramamurti reacted to ratings agency Fitch placing the United States on a watch list for possible downgrade by saying that it “reflects the costs of the precarious situation” of Republicans and “It has been highly irresponsible to push it so close to the edge at this point to threaten global economic collapse unless they get their full partisan agenda.” And President Joe Biden “held on” against those threats.

Ramamurti said, “What I can say is that this reflects the costs of the tightrope crisis that we are going through here, that House Republicans are going through. Remember, three times under President Trump, House Republicans raised the debt ceiling without any controversy or fanfare, even as they added $8 trillion to the debt in those four years. I think it’s been highly irresponsible to push him so close to the edge at this point to threaten global economic collapse unless they get their partisan agenda in full. The President has stood his ground against these kinds of threats, and ultimately we will need bipartisan support in Congress to get things done.

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