Biden Is ‘Confident’ , US Will Avert Default.<br />On May 17, President Joe Biden said that he <br />remains "confident" that the United States <br />will avoid defaulting on its debt.<br />On May 17, President Joe Biden said that he <br />remains "confident" that the United States <br />will avoid defaulting on its debt.<br />ABC reports that his optimism <br />comes as debt ceiling negotiations <br />are getting down to the wire.<br />I'm confident that we'll get <br />the agreement on the budget <br />that America will not default, Joe Biden, United States President, via ABC.<br />We're going to come together <br />because there's no alternative, Joe Biden, United States President, via ABC.<br />Biden's comments came as he<br />embarked on a trip to Japan <br />for a meeting with G7 leaders.<br />According to ABC, the president canceled the second leg <br />of his trip, which would have included a visit to Papua New <br />Guinea and Australia, to tackle debt ceiling negotiations.<br />Biden has repeatedly said that <br />raising the debt ceiling is nonnegotiable. .<br />Not about whether or not we are<br />going to, in fact, pay our debts. <br />All the leaders have agreed we will <br />not default. Every leader has said that, Joe Biden, United States President, via ABC.<br />ABC reports that the U.S. is headed toward loan <br />default possibly as soon as June 1, unless <br />lawmakers raise or suspend the debt ceiling.<br />Given the impending June 1 deadline <br />and urgency of the moment, it is important <br />that all legislative options be pursued in <br />the event that no agreement is reached, Hakeem Jeffries, House Minority Leader D-N.Y., via ABC
