July 17, 2024

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Biden, McCarthy to meet again over debt limit to avoid default

1 min read


Both sides have said progress was being made but that they remain far apart.

WASHINGTON —  Debt ceiling talks between the White House and House Republicans resumed Sunday at the Capitol as Washington races to strike a budget compromise along with a deal to raise the nation’s borrowing limit and avert an economy-wrecking federal default.

President Joe Biden and House Speaker Kevin McCarthy spoke by phone Sunday while the president was returning home on Air Force One after the Group of Seven summit in Japan. Upbeat, McCarthy, R-Calif., told reporters at the Capitol that the call was “productive” and that the on-again, off-again negotiations between his staff and White House representatives are focused on spending cuts.

2023-05-21 17:15:07

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