Debt ceiling crisis: Biden and McCarthy agree to negotiate as time to avoid default slips away – live
’s newfound seriousness over the debt limit negotiations emerged yesterday, shortly before his meeting with Republicanand other congressional leaders.
While Biden will still travel to Japan to meet with G7 leaders and the country’s prime minister, he’s cut out visits to two other countries that were intended to shore up the influence of Washington and its allies against China. Biden will no longer visit Australia and attend a meeting of nations in the Quad, a group formed to stand against Beijing’s influence.
The Chinese government is probably the biggest winner from Joe Biden’s decision to pull out of his trip to Australia and Papua New Guinea, forcing the cancellation of the Quad summit in Sydney. Chinese state media outlets won’t need to muster much creative energy to weave together some of Beijing’s preferred narratives: that the US is racked by increasingly severe domestic upheaval and is an unreliable partner, quick to leave allies high and dry.
To make matters worse for the US’s standing in the region, Biden’s planned visit to PNG on Monday had been trumpeted as a clear statement of intent about his commitment to the Pacific amid growing competition for influence with
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