“President Biden left for Japan on Wednesday for a meeting of the leaders of seven major industrial democracies who get together each year to try to keep the world economy stable,” the New York Times reports.
“But as it turns out, the major potential threat to global economic stability this year is the United States.”
“When Mr. Biden lands in Hiroshima for the annual Group of 7 summit meeting on Thursday, the United States will be two weeks from a possible default that would jolt not only its own economy but those of the other countries at the table. It will fall to Mr. Biden to reassure his counterparts that he will find a way to avoid that, but they understand it is not solely in his control.”
Sydney Morning Herald: Biden’s 11th hour Quad snub a disappointment, a mess and a gift to Beijing.