The United States would become a “deadbeat nation” if it defaulted on its massive $31-trillion debt, the president said US President Joe Biden has said America’s reputation would be “damaged in the extreme” if the government were unable to pay its bills, insisting a default on the national debt is simply not an option. Addressing reporters after a meeting with congressional leaders on Tuesday, Biden said the sit-down was “productive,” noting that all sides agreed to find a “path forward to make sure America does not default” on its world-historic debt. “Our economy would fall into a significant recession. It would
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