Still no progress on debt ceiling deal, talks set to continue
Democratic President Joe Biden and top congressional Republican Kevin McCarthy after an hour of talks could not move forward on a deal to avoid an impending default on US debt.
Both sides only agreed that a possible US default would have catastrophic consequences ... and that was it.
McCarthy said that while the two sides are still far apart on an agreement to raise the debt ceiling, there is an opportunity to get a deal before the end of the week. "It's not that difficult to get to an agreement."
Meanwhile, Biden noted the leaders reached "an overwhelming consensus ... that defaulting on the debt is simply not an option."
"There's still work to do," Biden said, adding the parties were "on a path forward to make sure that America does not default on its debt for the first time."
Biden announced he would cut short his trip to Asia, skipping stops in Papua New Guinea and Australia after attending a G7 summit Wednesday in Japan.
Biden will be replaced by his Democratic advisers at the talks during that time. Americans better hope they are more agreeable than the 80-year-old geezer.
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