Debt ceiling drama overshadows Biden's G-7 summit appearance.

President Biden's trip to the G-7 summit in Japan was overshadowed by the ongoing debt limit drama back home. Despite this, the summit showcased the unity of purpose within the G-7 and clear momentum building behind several multilateral initiatives. Biden announced a new $375 million defense aid package for Ukraine and led a historic trilateral meeting with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol. The G-7 articulated its strongest ever stance toward China's coercive economic practices while accelerating a broader shift to a new industrial policy.