Australia Cancels Quad Summit as Biden's Trip Gets Canceled Due to Debt Crisis

17-05-2023

Negotiations between President Biden and Republican leaders have not yet resulted in a breakthrough, with the borrowing limit remaining a contentious issue.

Republican House Speaker Kevin McCarthy acknowledges that there is still a lot of work to be done to break the deadlock between the two parties.

The White House expresses Biden's optimism that a responsible, bipartisan budget agreement can be reached if both sides negotiate in good faith.

McCarthy indicates that he ultimately expects a deal to be reached, even though no resolution has been reached so far.

Both sides believe that the negotiations will ultimately strengthen the US economy, with America retaining its position as the world's number one economy.

BJP National President JP Nadda Launched Book in Delhi.