House Speaker Kevin McCarthy says there’s been “no progress” on debt ceiling talks.
talks ahead of a meeting with President Joe Biden and other congressional leaders scheduled for Tuesday at the White House, as the country pushes closer to a crisis over the need to raise its legal borrowing limit.
Biden, who was in Philadelphia on Monday to attend granddaughter Maisy’s graduation from the University of Pennsylvania, told reporters the meeting was on for Tuesday but did not elaborate on prospects for a deal. But at least publicly, there was little indication that either the White House or House Republicans had budged from their initial positions. Biden has called on lawmakers to lift the debt limit without preconditions, warning that the nation’s borrowing authority should not be used to imposeRepublicans led by McCarthy want Biden to accept their proposal to rollback spending, cap future outlays and other policy changes in the package passed last month by House Republicans.
Administration officials said the talks among staff had so far been productive after Biden and the leaders — McCarthy of California, House Democratic leader Hakeem Jeffries of New York, Senate Majority Leader Chuck Schumer of New York and Senate Republican leader Mitch McConnell of Kentucky — ended theirThe president described that Oval Office session as “productive” even though McCarthy said later he “didn’t see any new movement” toward resolving the stalemate.
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