Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer
US President Joe Biden meets with US Speaker of the House Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell in the Oval Office of the White House in Washington, DC, on May 9, 2023. Biden and Republican leaders met in hopes of breaking an impasse over the US debt limit. The lifting of the national debt ceiling allows the government to pay for spending already incurred.
BRENDAN SMIALOWSKI/AFP via Getty Images)
Biden met with congressional leaders on Tuesday to discuss raising the debt ceiling.
They did not appear to come to an agreement on the best approach to do so.
The US could default on its debt as soon as June 1 if Congress doesn't act.
Congressional leaders finally met with President Joe Biden to discuss raising the debt ceiling — and there's still no progress toward a solution.
