Biden Says Would Not Support Permanent Repeal of Debt Ceiling
US President Joe Biden said on Friday he would not support a permanent repeal of the debt ceiling
WASHINGTON (Pakistan Point News / Sputnik - 21st October, 2022) US President Joe Biden said on Friday he would not support a permanent repeal of the debt ceiling.
When asked whether he would support a permanent repeal of the debt ceiling, Biden stated, "No."
"It'd be irresponsible," he said.
The United States national debt reached a new historic milestone as it topped $31 trillion for the first time in history, Treasury Department data showed at the beginning of the month.
The new record-high comes after the debt level rose above $30 trillion for the first time in February 2022, reaching $30.012 trillion as government spending surged amid the COVID-19 pandemic.