Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. debt limit is not a partisan issue, White House says

Published 09/21/2021, 03:26 PM
Updated 09/21/2021, 04:16 PM
© Reuters. Clouds pass over the White House in Washington, U.S., September 21, 2021. REUTERS/Joshua Roberts

WASHINGTON (Reuters) - President Joe Biden's administration will continue to argue that the U.S. debt limit is not a partisan issue and push Republicans and Democrats to vote to raise it, White House press secretary Jen Psaki said on Tuesday.

Congress faces a Sept. 30 deadline to approve stop-gap funding that would avert partial government shutdowns with the start of the new fiscal year on Oct. 1.

"We will continue to make the case that it should be" raised, Psaki told reporters on board Air Force One. "It is not a partisan issue to want to protect the full faith and credit of the United States, and... we will continue to press for bipartisan support for moving forward."

Republicans have refused to vote to increase the debt limit, citing Democrats' spending plans on infrastructure and social programs.

Some of the increase necessary to stave off a shutdown is related to spending that Republicans supported during Donald Trump's presidency, including last December's emergency COVID-19 relief bill.

Latest comments

Joe Biden never takes accountability. The Democrats want to move ahead with $3.5 Trillion package after passing another $1 trillion package for real infrastructure. The blame for overspending is mostly at the hands of Democrats big goverment expansion in healthcare.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.