The discussions between United States President Joe Biden and House Speaker Kevin McCarthy ended on Monday (May 22), with no agreement on how to raise the government’s $31.4 trillion debt ceiling.
As massive crisis looms, McCarthy said that the talks with Biden to counter the debt default threat had been “productive”. Both parties will continue the efforts as there are just 10 days left before a possible default that could sink the US economy.
The top lawmaker told reporters as he emerged from the White House after an hour of talks with Biden in the Oval Office: “I felt we had a productive discussion. We don’t have an agreement yet, but I did feel the discussion was productive in areas (where) we have differences of opinion.”
McCarthy said that their staff would continue the talks and he also believes that they “can still get there”.
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