NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Ted Cruz Says Biden Mentally 'Too Diminished' For Debt Ceiling Talks: 'Radical Children … Willing To Risk A Default'

Published 04/05/2023, 07:18
Updated 04/05/2023, 08:40
© Reuters.  Ted Cruz Says Biden Mentally 'Too Diminished' For Debt Ceiling Talks: 'Radical Children … Willing To Risk A Default'
IX
-

Benzinga - In a blatant attack on the president amid the ongoing debt ceiling crisis, U.S. Senator Ted Cruz said Joe Biden lacks “mental faculties” to negotiate with Republicans.

What Happened: Cruz lamented that the White House staff, specifically the “radical children,” would steer the U.S. government into default.

Over a dozen Republican senators organized a press conference to promote the House GOP’s debt limit bill that was approved last week. The senators called on President Biden and Senate Majority Leader Chuck Schumer to concede to their request for spending cuts.

During his speech, Cruz recalled that it was Biden, who as vice president, was in charge of negotiations with the GOP to avoid a potential default in 2011. “President Joe Biden needs to do the same thing.”

And I’ll say, sadly, the reason he hasn’t so far, I believe, is because his mental faculties are too diminished right now to do what he did in 2011, to sit down and actually work together on a solution to the problems.”

“What we’re left with is a bunch of young staffers in the White House, radical children, who are perfectly willing to risk a default on the debt because they have no appreciation of the chaos and misery and damage.”

Why It Matters: The House of Republicans last week passed his bill to raise the debt limit and cut spending by a narrow margin of 217-215 votes. This legislation represents the Republican Party's stance on how to avert an impending debt crisis in the near future.

Biden has reached out to the House Speaker, inviting the ​​top four Congressional leaders to the White House on May 9 to discuss the debt ceiling limit issue.

“I will say it is a major victory for America that the day before yesterday, Biden finally blinked and said, ‘Okay, I’ll sit down and talk,’" said Cruz.

Read Next: Bernie Sanders Disagrees With Biden On Many Issues, But Says ‘I Don't Think One Has Many Alternatives'

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.