Club of rich nations should try to cultivate stability, rather than sowing seeds of division

Things have not been going well at home for United States President Joe Biden since he announced his bid for re-election.

His approval rating has seen spectacular nosedives in recent polls, and he is at loggerheads with Republican lawmakers over raising the US debt limit.

Unless a compromise solution can be worked out in time, an impending debt default by the US government may trigger an economic downturn and undermine US credibility as a reliable world leader. It will be a fatal blow to the sitting US president's proud declaration that "America is back" after taking office.