US President Joe Biden has said Republicans are fabricating a crisis around the debt limit. He sharply criticized so-called MAGA Republicans for refusing to vote for a higher federal debt ceiling.
According to Biden, the dour attitude of the Republicans will hardly allow for a compromise from the White House during an important meeting with congressional leaders on May 9. If Democrats and Republicans fail to agree on raising the debt ceiling, the US government is at risk of being locked down.
Biden said Republicans are divided over the debt limit and that the MAGA (Make America Great Again) Republicans want to make draconian budget cuts. The last thing this country needs is a manufactured crisis. According to US Treasury Secretary Janet Yellen, the money will run out on June 1 if nothing changes.