Joe Biden

The White House and congressional Republicans will reach a budget/debt-limit agreement and the US will not default on its debt in 2023.

“I'm confident that we'll get the agreement on the budget and America will not default”

Said on

17 May 2023 · Remarks from the White House Roosevelt Room before leaving for the G7 summit, during debt-limit negotiations (reported by AP)

Source

Biden declares 'America will not default,' says he's confident of budget deal with GOP lawmakers · Associated Press (via Juneau Empire)

Should come true

No date given

How sure they sounded

I'm confident

Categories

EconomyPolitics

Importance

4 of 5 · A US sovereign default would have major consequences for global financial markets.

Outcome

Accurate Happened 3 June 2023.

Negotiators reached an agreement, the Fiscal Responsibility Act of 2023, which was signed on 3 June 2023 and suspended the debt limit until January 2025. The US did not default.

Evidence:

• https://en.wikipedia.org/wiki/Fiscal_Responsibility_Act_of_2023