Biden, McCarthy agree to talk on debt crisis, one GOP negotiator says 'thorny issues' remain

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Biden, McCarthy agree to talk on debt crisis, speaker says negotiators 'closer to an agreement'

Biden spoke earlier in the day with Democratic leaders in Congress to discuss the status of the talks, according to three people familiar with the situation, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly. But the two sides have not reached a deal yet.

McCarthy's comments echoed the latest public assessment from Biden, who said Friday evening that bargainers were "very close." They also appear to still be laboring over a compromise on federal permitting changes that would ease regulations for developing oil, gas and renewable energy projects and foster new transmission line connections.

Anxious retirees and others were already making contingency plans for missed checks, with the next Social Security payments due next week. Rep. Tom Emmer of Minnesota, the Republican whip who is in charge of counting the votes from McCarthy's slim majority to ensure passage of any deal, said he is telling rank-and-file lawmakers not to believe what they're hearing until party leaders deliver the news about any deal.

 

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