Paris Club: Biden Admin to forgive Debt but China’s refusing

#shorts Senator Kennedy asked Treasury’s Rosenberg, “the Biden Administration is leaning on these Americans to whom these foreign countries owe money to forgive that money, is it not?

Rosenberg: Senator, I would be happy to follow up with you further on that if I may, with respect to— that dependency.

Kennedy: yeah, If you could just answer my question first, the Biden Administration is leaning on American individuals and businesses to forgive debt to foreign countries, is it not?

Rosenberg: I would have to follow up with you with further information, which is not—I unfortunately do not have an answer to that question.

Kennedy: Oh, you know the answer. You mentioned it in your opening remarks. It is,

Rosenberg: unfortunately. Senator, I don’t have an answer.

Kennedy: You know what the Paris Club is?

Rosenberg: Senator, this is not my area of responsibility.

Kennedy: You know what the Paris Club is.

Rosenberg: Yes, Senator.

Kennedy: Well, the Biden Administration is leaning on American businesses and individuals to forgive debt that foreign countries owe them, but China’s refusing, is it not?

Senator, I would be very happy to follow up with you.

On 5/31/2023, Kennedy questioned Treasury’s Rosenberg in Banking during U.S. Senate Hearing.

other clips of this published longer video is here: <a href=“https://youtu.be/iJURP_SqgaM\” rel=“nofollow”>https://youtu.be/iJURP_SqgaM

Paris Club: Biden Admin to forgive Debt but China’s refusing

Key Points

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#shorts Senator Kennedy asked Treasury’s Rosenberg, “the Biden Administration is leaning on these Americans to whom these foreign countries owe money to forgive that money, is it not

• Rosenberg: Senator, I would be happy to follow up with you further on that if I may, with respect to— that dependency
• Kennedy: yeah, If you could just answer my question first, the Biden Administration is leaning on American individuals and businesses to forgive debt to foreign countries, is it not
• Rosenberg: I would have to follow up with you with further information, which is not—I unfortunately do not have an answer to that question