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By Katharine Jackson, Steve Holland and Moira Warburton WASHINGTON (Reuters) – President Joe Biden and top congressional Republican Kevin McCarthy were holding a phone conversation on Saturday evening about the ongoing debt ceiling negotiations, a person familiar with their plans said. The two were expected to speak starting at 6 p.m. E.D.T., the person said. McCarthy said earlier on Saturday that he was making “progress” in negotiations on raising the federal government’s debt ceiling, as the nation faced risk of default in little more than a week. However just ahead of the expected call between Biden and McCarthy, Republican deal negotiator Patrick McHenry told reporters “major disagreement” remained between his party and Biden’s Democrats. “Republicans want to cut spending. That’s what we’ve offered with our approach to raising the debt ceiling, with work requirements for able bodied folks to get back in the workforc

SRN - US News - Taylorville Daily News

By Steve Holland, Moira Warburton and Rami Ayyub WASHINGTON (Reuters) -Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government’s $31.4 trillion debt ceiling after the Treasury Department warned that a June 5 default loomed without action. The two sides have been negotiating for weeks on an agreement to raise the federal government’s self-imposed borrowing limit, with Republicans also pushing for sharp spending cuts. Without a deal, the United States could face a calamitous default. “Things are looking good,” Biden told reporters. “I’m optimistic.” Republican Representative Patrick McHenry said he concurred with Biden’s comments, while cautioning that negotiations had not yet concluded. “I’m hopeful,” said McHenry, one of House of Representatives Speaker Kevin McCarthy’s lead negotiators with the White House. “But we have to make sure w

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