- For abonnenter
Biden summons bank CEOs, other business leaders as debt-ceiling showdown with GOP escalates
WASHINGTON - President Joe Biden sought Wednesday to ramp up pressure on Senate Republicans to stop blocking Democrats' efforts to prevent a government default, inviting leaders of some of the nation's biggest companies to a White House meeting where they warned that inaction would lead to devastating consequences.
"The Democrats are willing to step up and stop this economic catastrophe if Senate Republicans would just get out of the way," said Biden, referring to the GOP filibuster of a measure to increase the government's borrowing capacity.
Biden was joined by some of the most powerful figures in the banking industry, as well as representatives