Biden addresses US debt standoff with G7 leaders.
TL;DR Summary
President Biden reassured world leaders that the US would not default on its debt as he met with the heads of Australia, Japan, and India in a hastily rescheduled meeting of the Quad partnership. Biden also attended the G7 meeting and discussed investments in infrastructure in less advanced economies to counterbalance China's loans and construction. The Quad members had planned to meet in Sydney next week, but got together instead on the sidelines of the G7 so Biden could return to Washington earlier on Sunday in hopes of finalizing a deal to increase the US borrowing limit before the government runs out of cash to pay its bills.
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