Meeting of Biden and the heads of Australia, India and Japan was canceled because of the situation with the U.S. government debt
Summit of the Quad four-party dialogue on safety with participation of leaders of Australia, India, the USA and Japan won’t take place because of the unresolved situation concerning the American national debt, declared the Australian prime minister Anthony Albanese.
The next Quad summit was scheduled for May 23-24 in Sydney.
On Tuesday, U.S. President Joe Biden canceled previously scheduled trips to Australia and Papua New Guinea amid the U.S. government debt situation.
“The QUAD meeting will not take place in Sydney next week,” the prime minister said on ABC News Australia.
The Treasury Department estimates that as early as June, the U.S. will not be able to fully service its obligations if Congress does not authorize the expansion of borrowing limits.