Biden Blames Republicans for Debt Limit Crisis

US President Joe Biden said the US economy has come a long way in two years and called the debt limit deadlock a “manufactured crisis” pushed by some Republicans in Congress.

Biden, at the opening of the meeting on “Investing in America”, pointed out that the good news comes from the employment report announced this morning, recalling that last month there were more than 250,000 job increases.

Noting that the unemployment rate is at 3.4 percent, the lowest level in 50 years, Biden said the unemployment rate for blacks has also fallen to an all-time low.

Biden, emphasizing that inflation, which has been falling for 9 straight months, has dropped by 40 percent since last summer, “Obviously we have more work to do, but we’re headed in the right direction.” he said.

Speaking about the “Investing in America” program, Biden said that they have made progress in this regard.

Biden also referred to the budget proposal, which aims to reduce the budget deficit by approximately 3 trillion dollars over the next 10 years, and recalled that he threatened to let the country go into default if the demands of some Republicans are not accepted.

Biden said he will tell congressional leaders to avoid default next week, adding that they can discuss where to cut spending and how to bring the tax system to a fair place, but not under the “threat of default.” Of the debt”.

Biden, stating that they have made great strides in the last two years in the country, argued that the budget cap deadlock after all the events is a “manufactured crisis” pushed by “MAGA Republicans” in Congress. (AA)