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Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal

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Both President Joe Biden and House Speaker Kevin McCarthy are speaking hopefully of the likelihood of an agreement to raise the government's debt limit and avert an economically chaotic federal default.

However, Speaker Kevin McCarthy also said he had directed his negotiating team “to work 24/7 to solve this problem.”President Joe Biden's

“The only way to move forward is with a bipartisan agreement,” Biden said. “And I believe we’ll come to an agreement that allows us to move forward and protects the hardworking Americans of this country.” Democratic lawmakers lined up on the House floor as the workday ended to blame “extreme” Republicans for the risky potential default. “Republicans have chosen to get out of town before sundown,” said House minority leader Hakeem Jeffries of New York.

“Don’t take an exit ramp five exits too early,” said Rep. Chip Roy, R-Texas, a Freedom Caucus member. “Let’s hold the line." The contours of a deal have been within reach for days, but Republicans are unsatisfied as they press the White House team for more.

 

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