US President Joe Biden asked Congress this Monday (6) to raise the debt ceiling during his State of the Union address.
Biden declared that his administration “has cut the deficit by more than $1.7 trillion — the largest deficit reduction in American history.”
He pointed out that under the administration of Donald Trump, “America’s deficit has risen four years in a row. Because of these record deficits, no president has added more to the national debt in four years than my predecessor.”
Biden added: “Almost 25% of all the national debt that took over 200 years to accumulate was added by just one government — the last one. These are the facts, check it out. Check out. How did Congress respond to this debt? They did the right thing. They raised the debt ceiling three times without preconditions or crisis. They paid America’s bills to prevent economic disaster for our country.”
“So tonight I am asking this Congress to follow suit. Let us pledge here tonight that the full faith and credit of the United States of America will never be questioned,” said the President.
Source: CNN Brasil
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