By Staff Reporters
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Talks were “productive,” but no debt ceiling deal yet
As the US careens toward a June 1st deadline to avoid default, President Joe Biden and House Speaker Kevin McCarthy met last night and failed to reach an agreement to prevent economic chaos. Still, McCarthy called their discussion “productive” and “professional,” saying the tone was “better than any other time we’ve had discussions.”
Before the meeting, McCarthy acknowledged that a deal must be struck this week in order to get it through Congress prior to the deadline, but the two sides remain far apart on the Republican’s demands for spending cuts.
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Filed under: "Doctors Only", Ethics, Investing | Tagged: debt ceiling, Joe Biden, Kevin McCarthy, US Debt, US Debt ceiling |
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