Biden 'reevaluating' post-G7 Asia journey amid debt talks | World News

President Joe Biden would possibly reduce quick his deliberate tour of Asia after the G7 summit in Japan this week, the White Home stated Tuesday because it negotiates with Republican leaders to keep away from a US debt default.

Biden will go away Wednesday for the summit in Hiroshima as deliberate, however is reevaluating plans to journey afterward to Papua New Guinea and Australia, the White Home stated.

Biden was assembly later Tuesday with Republican Home speaker Kevin McCarthy for talks on the excessive stakes subject of elevating the US debt ceiling in order that the federal government doesn't run out of cash.

The Treasury has warned of "catastrophic" penalties if the US runs out of money to pay its payments, which would go away it unable to pay federal staff and set off a possible surge in rates of interest with knock-on results for companies and mortgage holders -- and monetary markets around the globe.

Biden is certainly going to the assembly of the world's richest democracies in Hiroshima, stated White Home nationwide safety spokesman John Kirby, however the remainder of the journey just isn't sure.

He insisted Biden can multi-task.

"He can journey abroad," Kirby stated, “and in addition work with congressional leaders to do the appropriate factor, increase the debt ceiling, keep away from default in order that the US credibility right here at house and abroad is preserved.”