Debt Ceiling Talks Continue As Deadline Approaches

May 17, 2023 | Political News

Both sides agreed some progress was made Tuesday in talks over the nation’s debt ceiling ahead of a June 1 deadline.

President Joe Biden and Vice President Kamala Harris met with House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell on Tuesday in the White House. 

McCarthy said a deal could be reached before the June 1 deadline as discussions continue.

“It is possible to get a deal by the end of the week,” McCarthy, R-Calif., said after the meeting, although he said the sides are still far apart on terms. McCarthy said Biden’s decision to appoint people Tuesday to work with his negotiating team was “productive.”

McConnell said, again, that Biden and McCarthy need to make a deal.