Biden ‘optimistic’ as McCarthy arrives for last-ditch debt talks
The Independent
23-05-22 23:04
US President Joe Biden has sounded positive about the prospects of Congress finding an agreement in time to avoid a default on America’s sovereign debt that would have catastrophic consequences. A meeting with House Speaker Kevin McCarthy showed that Biden was “optimistic” about devising a bipartisan agreement, following an acknowledgment that the prospect of a debt default was on both sides’ minds. McGovern said a decision over spending cuts would have to be made since there are just ten days left before a default, and the House’s proposal for spending cuts would provide the “framework” for any deal.