President Joe Biden on Monday meets with House Speaker Kevin McCarthy in the Oval Office of the White House in Washington, D.C., to discuss raising the debt limit in an effort to avoid default by the federal government. Biden and McCarthy said the meeting was"productive."Biden and McCarthy pointed fingers at one another following several days of tense talks while the president was in Japan for the G7 summit last week.
However, following a call between the two leaders as Biden flew home on Sunday, tensions seemed to ease. McCarthy said his discussion with the president was"productive," a term he also used to describe Monday's meeting.that talks will continue until they can reach a bipartisan agreement. "I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy,"."We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement. While there are areas of disagreement, the Speaker and I, and his lead negotiators Chairman [Patrick] McHenry and Congressman [Garret] Graves, and our staffs will continue to discuss the path forward.
I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy. We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: Newsweek - 🏆 468. / 52 Read more »
Source: nypost - 🏆 91. / 67 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: chicagotribune - 🏆 8. / 91 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »