How the debt ceiling debate between White House, Republicans may end

For the first time since Kevin McCarthy was elected House speaker, he and President Biden held a one-on-one meeting at the White House. They discussed a long list of priorities, including the ability to avoid a financial crisis. Biden is sticking to his position that he won’t negotiate on the debt limit while McCarthy says Republicans won’t take action without spending cuts.

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Kevin McCarthy Joe Biden debt ceiling U.S. debt McCarthy and Biden U.S. economy economy biden administration biden administration economy economic news McCarthy and biden negotiation President Joe Biden economic analysis political analysis