Sydney Quad meeting called off after Biden pulls out

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The Quad leaders summit in Sydney has been canned, after US President Joe Biden pulled out of the event. But Indian Prime Minister Narendra Modi is still making the trip Down Under, for a sell-out event at Olympic Park. DamoNews 9News MORE:

"We are attempting to get together over that period of time as well as I'll have a bilateral discussion with President Biden," Albanese said.Kishida won't be coming to Australia as planned, but Modi will still travel to Sydney for a scheduled bilateral meeting.Biden still plans to leave for Japan this week for the G7 summit.

"He also invited the Prime Minister for an official state visit at a time to be agreed by the teams.""This is vital to our ability to advance our foreign policy goals and better promote global stability and prosperity," it read."We look forward to finding other ways to engage with Australia, the Quad, Papua New Guinea and the leaders of the Pacific Islands Forum in the coming year.

Jean-Pierre said the reason for Biden's decision was to ensure Congress worked to raise the debt ceiling by deadline. US Secretary of the Treasury Janet Yellen has warned that if the debt ceiling - essentially, the upper limit on how much money the government can borrow - is not increased by June 1, the country could default on its debts and risk sliding into recession.

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