- Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy held more talks at the Capitol Tuesday, but Republicans warned of a “lack of urgency” at the White House to resolve the budget standoff in time to avert a potentially chaotic federal default.
- With less than a week to go before a deadline as soon as June 1 the Democratic president and the Republican speaker were staring down a financial crisis. Failure to strike a deal would be unprecedented, and certain to throw U.S. financial markets into turmoil, inflicting economic pain at home and abroad.
- Behind closed doors, McCarthy urged the House Republican majority to “just stick together” despite their own factions as he negotiates the strongest deal possible for conservatives, said lawmakers exiting the private session.
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Debt Ceiling Talks Grind On; Republicans Say There’s ‘Lack Of Urgency’ From White House
FILE - President Joe Biden talks with House Speaker Kevin McCarthy of Calif., on the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, Friday, March 17, 2023. Facing the risk of a government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting for talks on Tuesday, May 9. (AP Photo/Alex Brandon, File)
