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: https://youtu.be/iJURP_SqgaM
Paris Club: Biden Admin to forgive Debt but China’s refusing

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