Biden reassures world about US debt crisis by holding talks with Indo-Pacific leaders


HIROSHIMA(AP) President Joe Biden on Saturday tried to reassure world leaders that the United States would not default as the United States clashed with the leaders of Australia, Japan and India in a so-called quad partnership. Conference postponed due to debt Seeing no ceilings in Washington.

Hoping to destabilize the global economy and avoid consequences that would benefit Beijing, Mr. Biden announced the opening of the third day in Japan of the world’s most powerful democracies, the annual gathering of the world’s most powerful democracies, with latest developments from staff. I started with an explanation about And he starts talking about how to raise the federal debt ceiling.

The president also attended a conference aimed at countering China’s expansion in the Indo-Pacific. Quad members were originally scheduled to meet in Sydney next week, but instead meet alongside the G7 summit, with Biden returning to Washington early Sunday, agreeing to raise U.S. borrowing limits before the government runs out of money. expected to be finalized. cash to pay the bill.

Biden said he felt he had made progress in talks with Republican lawmakers.

“The first meeting wasn’t very progressive, but the second and third were progressive,” he said before meeting Australian Prime Minister Anthony Albanese. “And then the shipper would go back to the principal and say, ‘That’s what we’re thinking.’ I am confident that we will be able to respond appropriately.”

The shortened trip heightened the underlying tension that has characterized President Biden.
As he strives to show the world that America is regaining global leadership, domestic drama has repeatedly stood in his way at key moments.

By Saturday, Mr. Biden had largely stayed out of public view at his summit, with him refraining from his major public remarks and leaving Friday’s summit dinner early. Instead, he sits in front of a video monitor in a room away from his hotel suite, where staff in Washington keep him updated on the back and forth of the debt deal.

White House national security adviser Jake Sullivan acknowledged that world leaders have put pressure on Biden over the standoff in Washington. But spokeswoman Carine Jean-Pierre said there was no panic, at least not for now, despite intense interest in how the president would resolve domestic political confrontations with geopolitical implications. said.

“It’s not a volatile situation,” she says.
Biden met with the Albanians on the sidelines of the summit in lieu of a now-cancelled visit to Australia. U.S. officials said the visit had been postponed and Mr Biden had invited Albanians to Washington as state guests.

Biden apologized for missing Australia. Albanese said it understood the situation.

“I would have done exactly the same thing,” he told Biden, adding that he was “really looking forward to the state visit.”

The two leaders signed an agreement pledging to deepen partnerships in raw material development for clean energy technologies, aiming to reduce dependence on China for supplies. They also issued a joint statement outlining new areas of cooperation in the areas of space, trade and defense. G7 leaders also discussed investing in infrastructure in developing countries, which is an important counterbalance to China’s financing and construction. Biden said the U.S. has mobilized more than $30 billion in investments to date and that “we are just getting started.”

Biden once again apologized for having to move the meeting to Japan during his lengthy evening meeting with all Quad leaders.

The president will send US Secretary of State Anthony Brinken on behalf of the Pacific Islands Summit to be held in Papua New Guinea on Monday. This presidential freeze was also lifted to get Mr. Biden back to Washington faster.

Biden’s visit was supposed to be the first time a U.S. president has visited the country. These countries are actively courting the United States and China as they vie for influence in regions of the world where sea routes matter.

In Hiroshima, Biden and other world leaders agreed on a common framework to improve the resilience of their countries’ economies. This is the recognition that high levels of trade with China pose more risks than opportunities for mature economies.