Babaamaajimowinan (Telling of news in different places)
Babaamaajimowinan (Telling of news in different places)
Speaker of the House Kevin McCarthy of Calif., left, and Vice President Kamala Harris listen as President Joe Biden speaks during a meeting with Congressional leaders in the Oval Office of the White House, Tuesday, May 16, 2023, in Washington.
WASHINGTON - Debt-limit talks shifted into an encouraging new phase Tuesday as President Joe Biden and House Speaker Kevin McCarthy named top emissaries to negotiate a deal to avert an unprecedented national default. Biden cut short an upcoming overseas trip in hopes of closing an agreement before a June 1 deadline.
The fresh set of negotiators means discussions are now largely narrowed to what the White House and McCarthy will accept in order to allow lawmakers to raise the debt limit in the coming days. The speaker said after a meeting with Biden and congressional leaders that a deal was ''possible'' by week's end, even as - in McCarthy's view - the two sides remained far apart for the moment.
Biden was publicly upbeat after a roughly hourlong meeting in the Oval Office, despite having to cancel the Australia and Papua New Guinea portions of his overseas trip that begins Wednesday. Biden will participate in a Group of Seven summit in Hiroshima, Japan, but then return to Washington on Sunday.
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