US debt drama overshadows G7 summit – Concerns about national bankruptcy are growing
Joe Biden

US President Joe Biden had to say goodbye to meetings with heads of state and government several times during the G7 summit.

(Photo: Reuters)

Washington At a pivotal moment in US foreign policy, Joe Biden was present at half strength. The dispute over the US debt ceiling overshadowed his visit to the G7 summit in Japan.

Biden had to say goodbye several times to make rounds with the heads of state and government of the seven major industrialized countries, because the situation in Washington is coming to a head: on Friday, negotiators in the United States broke off their debt talks.

Now the United States has only ten days to avoid default. Analysts agree that a national bankruptcy will not only plunge the US economy into recession, but will also have an impact on the global economy.

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