Biden and McCarthy Describe 'Productive' Debt Limit Talks, but No Deal Is Reached
With the United States at risk of defaulting for the first time, Speaker Kevin McCarthy and President Biden met again but remained far apart on a deal.
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With the United States at risk of defaulting for the first time, Speaker Kevin McCarthy and President Biden met again but remained far apart on a deal.
Speaker Kevin McCarthy said he and President Joe Biden on Monday had their best meeting yet on how to lift the statutory debt limit.
Both leaders expressed optimism entering Monday’s meeting, where they hope to revive stalled talks with a June 1 deadline looming.
With just nine days left before the government may not be able to pay all its bills, GOP negotiators said zero progress is being made.
President Joe Biden and Speaker Kevin McCarthy meet Monday to discuss how to raise the debt limit after a weekend of talks by proxies.