Politics May 22 Biden, McCarthy to discuss debt limit as deadline to avoid default looms Washington is racing to strike a budget compromise and raise the nation’s borrowing limit in time to avert a potentially devastating federal default as soon as next week.
Politics May 19 WATCH: White House holds briefing as Biden attends G-7 summit, debt limit talks stall Top Republican negotiators for McCarthy said after the evening session that they were uncertain on next steps. But the White House publicly expressed optimism that a resolution could be reached if parties negotiated in “good faith.”…
Politics May 19 House Republicans ‘press pause’ on debt ceiling talks, criticize White House A top debt ceiling negotiator for House Speaker Kevin McCarthy says it's time to "press pause" on talks as negotiations with the White House have come to an abrupt standstill at the Capitol.
Politics May 18 WATCH: House Democrats leader Jeffries holds news briefing amid debt ceiling negotiations President Joe Biden and McCarthy both tapped their top representatives to work more furiously ahead of a deadline as soon as June 1. That's when the U.S. could run out of funds to pay its obligations, sparking an economic crisis.
Politics May 17 WATCH: Biden ‘confident’ agreement will be made with GOP, no debt default for U.S. President Joe Biden is declaring he's confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.
Politics May 16 WATCH: McCarthy speaks after another round of debt ceiling talks with Biden McCarthy said one important development from the meeting was that the president had “changed the scope” of who is negotiating in the staff conversations that have been slow-going over the past week.
Politics May 16 WATCH: White House hosts another round of debt ceiling talks between Biden, congressional leaders Crucial debt ceiling negotiations are still far from success, but a deal is possible by the end of the week, McCarthy said after a brief meeting Tuesday with President Joe Biden and other congressional leaders at the White House.
Politics May 11 Debt limit meeting between Biden, Congress leaders put off until next week The White House says President Joe Biden's follow-up meeting with congressional leaders on averting a potential default has been postponed until next week.
Politics May 09 WATCH: Biden says debt ceiling talk with McCarthy was ‘productive’ Biden said he and congressional leaders had a “productive” meeting Tuesday on trying to raise the nation's debt limit though no agreement was reached, and they will meet again Friday to try to avert the risk in weeks of an…
Politics May 09 WATCH: McCarthy says he ‘didn’t see any new movement’ on debt ceiling after meeting with Biden House Speaker Kevin McCarthy says after meeting with President Joe Biden and other Democrats that he "didn't see any new movement" toward ending a months-long impasse over raising the nation's borrowing limit.