The New York TimesThe New York Times

For Biden, crisis at home complicates diplomacy abroad

By Peter Baker

17 May 2023 · 5 min read

Editor's Note

The U.S. debt ceiling standoff could spark a global economic downturn. That's a big problem for countries that rely on the U.S. for stability, according to this analysis in The NYT.

HIROSHIMA, Japan — President Joe 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.

But as it turns out, the major potential threat to global economic stability this year is the United States.

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