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The threat of the United States defaulting on its obligations looms over the upcoming G-7 summit in Japan that President Joe Biden is scheduled to attend before continuing to a summit with the so-called Quad leaders in Australia and one with Pacific Island leaders in Papua New Guinea. White House Bureau Chief Patsy Widakuswara has the story.
LanguageEnglish
Transcript/Script((PLAYBOOK SLUG: Biden G7 Quad TV
HEADLINE: US Debt Ceiling Looms Over Biden’s Foreign Trips
TEASER: With nation weeks from potential default, president may need to cancel summits with G-7, Quad and Pacific Island leaders
PUBLISHED: 05/12/2023 at
BYLINE: Patsy Widakuswara
CONTRIBUTOR:
DATELINE: White House
VIDEOGRAPHER:
PRODUCER:
SCRIPT EDITORS: Page, Reifenrath, DJ (ok)
VIDEO SOURCES: AP, AFP, Reuters
PLATFORMS: WEB __ TV _X_ RADIO X_
TRT:
VID APPROVED BY:
TYPE:
EDITOR NOTES: Good through Tuesday/ when WH confirms Biden is going, he is scheduled to leave Wednesday. There is a Web))
((INTRO))
[[The threat of the United States defaulting on its obligations looms over the upcoming G-7 summit in Japan that President Joe Biden is scheduled to attend before continuing to a summit with the so-called Quad leaders in Australia and one with Pacific Island leaders in Papua New Guinea. White House Bureau Chief Patsy Widakuswara has the story.]]
((Dollar bills printed, AFP V000_VID1214795_EN, Zoom in on McCarthy and Biden stills, AP 4431678))
((NARRATOR))
The impasse between House Republicans and President Joe Biden over the nation’s debt ceiling
((AF1, Biden waving, AFP V045_33D7967))
could derail Biden’s plans to attend the G-7 summit in Japan and the Quad summit in Australia. He is scheduled to depart May 17.
((https://app.frame.io/projects/107d8a33-963a-48f0-9001-585725df7d34/237d28f1-030b-4b41-a988-a41b181329ad ))
((President Joe Biden))
“It’s possible I would either have to delay my trip — not delay — not go and do it virtually or not go.”
((KJP walk in, MRT clip from today))
((NARRATOR))
The White House press secretary said Friday that Biden “is expecting to go,”
((G7 finance leaders, AP 4434139, Kremlin and Tiananmen Square stock shots))
as G-7 finance ministers finalize details ahead of the summit, focusing on ratcheting up economic pressure on Russia and finding alignment to counter what they call Chinese “economic coercion.”
((Radio track: Shihoko Goto, deputy director of the Asia program at the Wilson Center, via Skype))
((https://app.frame.io/player/4c6f6f97-31e9-4507-a347-745b6b229117 TC 5:09))
((Shihoko Goto, Wilson Center)) ((Skype))
“Not just to push back against China weaponizing its economic leverage, but also to deter China from taking action in the first place.”
((G7 meeting, AP 4433977))
((NARRATOR))
Looming over the G-7 summit, the threat of the world's largest economy not paying its debts and further endangering a fragile global economy hit by the pandemic and the war in Ukraine.
((Radio track: U.S. Treasury Secretary Janet Yellen))
((AP 4433936))
((Janet Yellen, U.S. Treasury Secretary))
“These shocks continue to impose significant costs on the global economy. Further, markets are seeing the possibility of a U.S. debt limit breach as a growing downside risk.”
((Biden walking up Air Force One, AFP V000_33CZ4VC))
((NARRATOR))
From Hiroshima, Japan, Biden is scheduled for a brief stop in Papua New Guinea,
((Biden Pacific Island leaders family photo, AFP V000_32KD9WU))
to meet Pacific Island leaders he hosted last year, establish stronger strategic ties, and deter them from getting closer to China.
((Sydney Opera House establish, AFP V000_9YJ3QP))
((NARRATOR))
He is set to continue to Sydney,
((Quad summit last year, AFP V000_32AW8JQ))
to the fourth Quad summit with leaders of Japan, India and Australia,
((Albanese establish AP 4431269, TC 1:04))
hosted by Australian Prime Minister Anthony Albanese.
((AP 4431269))
((Anthony Albanese, Australian Prime Minister))
"We will be discussing the global economic environment that we know is under pressure due to global inflationary pressures.”
((Quad summit last year, AFP V000_32AW8JQ))
((NARRATOR))
Formed in 2007 to bolster economic and security relations, the Quad also evolved to become a strategic grouping against China’s rise in influence.
Patsy Widakuswara, VOA News, at the White House.
NewsML Media TopicsArts, Culture, Entertainment and Media
NetworkVOA
Embargo DateMay 12, 2023 22:05 EDT
BylinePatsy Widakuswara
Brand / Language ServiceVoice of America - English
