President Biden threatens to call off Asia trip if debt wrangling continues in Washington
NIIGATA, Japan: Political brinkmanship over raising the US debt ceiling risks “serious economic costs” even without the “catastrophe” of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.
Hours earlier, former president Donald Trump urged Republican legislators to trigger the first-ever US debt default by refusing to lift the limit if Democrats do not agree to spending cuts.
President Joe Biden has also threatened to call off his trip to Asia, including in-person…
