President Joe Biden is meeting with the top four members of Congress Tuesday afternoon, as Republicans and Democrats still appear to have made no progress on an agreement to address the looming debt ceiling crisis.
Republicans would raise the limit on the country's borrowing authority in exchange for spending cuts, while Democrats, including Mr. Biden, want to increase the debt limit without any conditions attached. Neither side appears willing to budge, for now. Mr. Biden insists the debt ceiling is Congress' responsibility to handle, while Republicans say Mr. Biden and Democrats on Capitol Hill must compromise on spending.
Jean-Pierre said the president is willing to have a"separate" conversation about the budget, but the debt limit needs to be addressed first. to discuss the debt limit and other topics, but little progress has been made.
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