A second meeting between White House and Republican congressional negotiators on raising the federal government’s $31.4T debt ceiling abruptly ends with no progress cited by either side and no additional meeting set
While the White House acknowledges that "serious differences" remain with Republicans, who control the House of Representatives, President Joe Biden says he still believes a default could be avoided.Republicans have said they would not approve an increase in the federal government's borrowing limit without agreement on sharp spending cuts. / Photo: Reuters
That came at the end of a day of acrimonious talks on Friday that were broken off for several hours, with less than two weeks to go before June 1, when the Treasury Department warned that the federal government could be unable to pay all its debts. That would trigger a calamitous default. "I still believe we'll be able to avoid a default and we'll get something decent done," Biden told reporters in Hiroshima, Japan, where he is attending a meeting of leaders of the Group of Seven nations.
"There continues to be real ... differences between the parties on these issues," White House spokesperson Karine Jean-Pierre told reporters earlier, also in Hiroshima."We had a very, very candid discussion talking about where we are, talking about where things need to be," Republican Representative Garret Graves told reporters following a second brief meeting in the Capitol with White House officials.
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