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US President Joe Biden said on Wednesday he was “open” to imposing more sanctions on Russia and would discuss the measures with G7 allies in the coming days. His statement came after the EU announced a new round of sanctions
Biden: In terms of sanctions, we are always open to additional sanctions, and I have been in consultation, I have talked to G7 members and this week we will decide what to do.
President Joe Biden made these statements while talking about the American economy. He said the federal government will pay off the national debt this quarter for the first time in six years.
His remarks on economic growth came ahead of the US bank’s announcement of a rate hike on Wednesday afternoon in a bid to manage rising inflation.
Inflation is a major political problem for him and Democrats ahead of the midterm elections, as Republicans try to take advantage of rising energy prices.
Biden’s remarks from the White House come after the Treasury Department updated estimates this week to predict the U.S. deficit will fall by over $ 1.5 trillion this year, a revision of the $ 1.3 trillion projected in Biden’s budget.
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