Biden Is ‘Confident’ , US Will Avert Default.br On May 17, President Joe Biden said that he br remains "confident" that the United States br will avoid defaulting on its debt.br On May 17, President Joe Biden said that he br remains "confident" that the United States br will avoid defaulting on its debt.br ABC reports that his optimism br comes as debt ceiling negotiations br are getting down to the wire.br I'm confident that we'll get br the agreement on the budget br that America will not default, Joe Biden, United States President, via ABC.br We're going to come together br because there's no alternative, Joe Biden, United States President, via ABC.br Biden's comments came as hebr embarked on a trip to Japan br for a meeting with G7 leaders.br According to ABC, the president canceled the second leg br of his trip, which would have included a visit to Papua New br Guinea and Australia, to tackle debt ceiling negotiations.br Biden has repeatedly said that br raising the debt ceiling is nonnegotiable. .br Not about whether or not we arebr going to, in fact, pay our debts. br All the leaders have agreed we will br not default. Every leader has said that, Joe Biden, United States President, via ABC.br ABC reports that the U.S. is headed toward loan br default possibly as soon as June 1, unless br lawmakers raise or suspend the debt ceiling.br Given the impending June 1 deadline br and urgency of the moment, it is important br that all legislative options be pursued in br the event that no agreement is reached, Hakeem Jeffries, House Minority Leader D-N.Y.