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White House says Biden could curtail upcoming trip due to debt-ceiling standoff

Clyde Edgerton by Clyde Edgerton
May 16, 2023
in Markets
White House says Biden could curtail upcoming trip due to debt-ceiling standoff
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White House spokesman John Kirby on Tuesday said President Joe Biden might not make planned stops in Australia and Papua New Guinea that were expected to happen in conjunction with his trip to Japan for a G-7 summit. “We’re re-evaluating,” Kirby told reporters. “There’s not been a cancellation, as yet, but that could happen.” The comments came as Biden and the four top U.S. lawmakers are due to meet Tuesday afternoon on raising the ceiling for federal borrowing and avoiding a market-shaking default.

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