Biden will visit the Hudson Valley next week to discuss the debt

biden

President Joe Biden will visit the Hudson Valley and New York City next week, the White House told Spectrum News 1 Friday evening.

In the Hudson Valley, the president will discuss the ongoing debt ceiling impasse in Congress on Wednesday, arguing that lawmakers should avoid an immediate default without conditions.

Biden also plans to make comments against the American Default Act, which Republicans in the House of Representatives passed two weeks ago. The president has invited the four congressional leaders to meet at the White House on Tuesday, a day before he comes to New York, amid concerns of a breach by the federal government. It is currently unclear where Biden will make these remarks.

U.S. Treasury Secretary Janet Yellen notified Congress earlier this week that the U.S. could default on its debt as early as June 1 if lawmakers do not raise or suspend the U.S.’s borrowing authority. country before this time.

U.S. Rep. Marc Molinaro, a Republican who represents much of the Hudson Valley, released a statement saying:

“Last month, the House of Representatives, with my support, passed legislation to raise the debt ceiling. President Biden can support this legislation or engage in good faith bipartisan negotiations to find common ground to avoid a default and double the unsustainable rate of federal spending. So far, he has done neither. Instead, President Biden plans to leave negotiators in Washington behind and travel to the Hudson Valley for a policy speech.

President Biden’s game of chicken is dangerous. Our financial system, Social Security and Medicare, veterans’ benefits and service members’ paychecks are hanging because he refuses to take action. President Biden needs to stop campaigning and start negotiating.”

In New York City, the president will also participate in campaign receptions, according to the White House.

It’s Biden’s third visit to the Hudson Valley in recent months, following stops to highlight tech investments in the region and campaign for lawmakers last fall ahead of the midterm elections.

The Associated Press contributed to this report.



Source link

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *