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U.S. President Joe Biden has rejected Republicans' demands for spending cuts in negotiations to avoid a U.S. debt default as "unacceptable."
The Treasury Department is warning that the U.S. risks defaulting on its debts after the first of June unless it can raise its borrowing limits. Biden says he is willing to cut spending to clinch a deal and vowed to avoid a default.
Owen Fairclough reports.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466