White House press secretary Karine Jean-Pierre on Monday said President Joe Biden is standing by his recent comments about UK Prime Minister Liz Truss’ abandoned tax cut plan.
Over the weekend, Mr Biden said it was “predictable” that Ms Truss and her Tory government would be forced to walk back plans to aggressively cut taxes without corresponding spending cuts after the proposal roiled financial markets and sent the Pound tumbling against the US dollar.
