Biden will insist that raising debt limit is not 'bargaining chip' -White House

U.S. President Joe Biden will insist in his State of the Union address that raising the debt limit of the United States is not negotiable and should not be used as "bargaining chip" by U.S. lawmakers, his top economic adviser Brian Deese said on Monday.

"This bedrock idea that the United States has met all of its financial obligations for its existence as a country isn't something that anybody should be using as a bargaining chip. It's not a negotiable item," Deese said.

He said the economic consequences of questioning that principle could be "quite severe" and could allow adversaries to claim that the "full faith and credit" of the United States had been weakened.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)