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Biden stresses consequences of failing to raise debt ceiling in meeting with CEOs
WASHINGTON - President Joe Biden again stressed the importance of raising America’s debt ceiling in a Wednesday meeting with CEOs from major businesses.Biden opened the meeting with heads of businesses like AARP, BOA, Citi, Deloitte, Intel, JP Morgan, NASDAQ, National Association of Realtors by pleading with Republicans not to block the Democrats from raising the debt ceiling.RELATED: JPMorgan planning for ‘potentially catastrophic’ event if US hits debt limitHe said the process used to occur regularly, no matter which party controlled the government. But it has become another partisan battleground in recent years."It doesn't have to be this way," Biden stressed.