Republican U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and President Joe Biden have agreed to meet again for talks on raising the U.S. government borrowing limit.
Biden and McCarthy held initial talks on Wednesday in a first test of how the two could work together. The pair spoke again on Thursday at the National Prayer Breakfast, where they sat together.
"He'll give me a call in a couple days to set up the next meeting," the California Republican told reporters. "We're going to meet again about the debt ceiling and ways that we can find ways for savings and put ourselves on a path to balance." The U.S. government neared its $31.4 trillion debt ceiling earlier this month, prompting the Treasury to warn that it may not be able to stave off default past early June.
The White House has said Biden will discuss federal spending cuts with Republicans, but only after the debt ceiling is lifted, while McCarthy has said Republicans will only lift the ceiling if Biden agrees to spending cuts. While the two sides disagree on the order of the subjects they are tackling, both say they will continue to talk.
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