Biden-McCarthy Meeting on Debt Limit Comes as Time Runs Short

Hand-picked negotiators met Sunday evening at the US Capitol
President, speaker offer more optimistic tone after call

WATCH: President Joe Biden spoke about previous rounds of talks with Republicans in response to questions from Bloomberg’s Annmarie Hordern at the G-7 meeting in Japan.Source: Bloomberg

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By Steven T. Dennis and Mike Dorning

May 22, 2023 at 4:01 AM UTC

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President Joe Biden and Republican House Speaker Kevin McCarthy are set to meet Monday for talks on averting a catastrophic US default as time runs short and key differences remain.

Negotiations have whipsawed between progress and deadlock for days as the two sides simultaneously grapple for political advantage and a deal.