Biden tells China U.S. investments ‘safe’
BEIJING– On the final stop of his four-day China trip, Vice President Biden sought to assure a university audience that the United States will come to grips with its debt problem, and he blamed a vocal faction of the Republican Party the failure to reach a deal.
"We do have to deal with the deficit, we will deal with it," Biden told the audience at Sichuan University in the southwestern city of Chengdu. "And that's what this 2012 election is going to be about.
"We made some significant progress, but not the progress we should have made and will make," Biden said, referring to the last-minute deal between the White House and Congress to raise the country's borrowing limit. "But there is a group within the Republican Party that has a very strong voice now that wanted different changes. So that deal fell through at the very end."
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