No progress at debt talks, Biden says US won't default
House Speaker Kevin McCarthy said there was no progress in efforts to avert a first-ever US default during an hour-long meeting with President Joe Biden and other congressional leaders Tuesday.
"I didn’t see any new movement," he said.
Yet Biden called the talks "productive," saying he was "absolutely certain" the country could avoid a default and that failure to meet America's obligations "is not an option."
Meanwhile, Senate Republican leader Mitch McConnell tried to assure that there would be agreement.
"The US is not going to default. It never has and it never will," he stated.
Just before the meeting, McConnell said Biden must negotiate a deal with McCarthy on spending and debt. "Either he drives the country into default or he comes to the table," he said of Biden.
Biden and congressional leaders plan to meet again Friday; if these talks are again "productive," a possible default will become more of a reality.
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