G7 Summit: Biden Confident on Debt Limit Deal Amid Diplomacy and Mishaps.

1 min read
Source: POLITICO
G7 Summit: Biden Confident on Debt Limit Deal Amid Diplomacy and Mishaps.
Photo: POLITICO
TL;DR Summary

President Biden expressed confidence that a deal with House Republicans will be reached to avoid a default on the nation's debt while attending the G-7 summit in Japan. The president's comments came amid meetings focused on economic competition, development, and climate change. The G-7 issued a joint statement against "economic coercion" without naming any country, while Biden and Australian Prime Minister Anthony Albanese signed a statement of intent to increase joint efforts to curtail climate change and expressed enthusiasm about additional cooperation on defense matters.

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