Biden says Republicans holding US economy 'hostage'

Biden says Republicans holding US economy ‘hostage’

A group of Senate Republicans hold a news conference to urge the White House and Senate Democrats to pass the House GOP legislation that would raise the debt limit and cut federal spending outside the U.S. Capitol on May 03, 2023 in Washington, DC. U.S. President Joe Biden has invited Congressional leaders to the White House next week to negotiate a compromise to prevent the federal government from defaulting on its debt, which may happen as early as June 1. Chip Somodevilla/Getty Images/AFP (Photo by CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

WASHINGTON, D.C. -President Joe Biden accused Republicans on Friday of holding the US economy “hostage” by refusing to pass a debt limit increase unless he first agrees to “draconian” budget cuts. Biden said he would tell congressional leaders when they meet on Tuesday that they must do “what every other Congress has done — that … Continue reading Biden says Republicans holding US economy ‘hostage’