Biden previously said on Sunday that Republicans in the House must move off their ‘extreme positions’ on the now-stalled talks over raising America’s debt limit.
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Biden aims to reassure world on U.S. debt standoff as he consults with Indo-Pacific leaders
Hoping to avert an outcome that would rattle the global economy and prove to be a boon to Beijing, Biden opened his third day in Japan at the annual G7 meeting of the world’s most powerful democracies.
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Debt limit talks start, stop as Republicans, White House face ‘serious differences’
Top Republican negotiators for House Speaker Kevin McCarthy said after the evening session that they were uncertain on next steps, though it’s likely discussions will resume over the weekend.
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Debt ceiling negotiators rushing for weekend deal, but much work remains
With a deadline as soon as June 1 drawing nearer, President Biden and House Speaker Kevin McCarthy tapped their top representatives to work out a deal after a week of talks with a larger contingent stalled out.
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Biden declares ‘America will not default,’ says he’s confident of budget deal with Republicans
Biden and McCarthy tasked a handful of representatives to try and close out a final deal, with negotiations beginning late Tuesday.
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Job cuts, no Social Security checks: How consumers could be pinched by a U.S. government default
The economy could nosedive into a recession due to a default.
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McCarthy says debt ceiling deal possible this week as Biden cuts short upcoming foreign trip
The president and House Speaker Kevin McCarthy are trying to strike a budget deal before the U.S. Treasury runs out of cash to keep paying the nation’s bills, which could occur as soon as June 1.
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Debt ceiling: McCarthy says ‘no progress’ ahead of talks Tuesday with Biden
President Biden remains hopeful that an agreement could be reached with Republicans to avoid what would be an unprecedented debt default, which could trigger a financial catastrophe.
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In debt ceiling standoff, COVID era of big spending gives way to new focus on deficit
While the White House has threatened to veto Republican’s debt ceiling bill, the administration has signaled a willingness to consider other budget caps.
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Biden: Debt meeting ‘productive,’ default ‘not an option’
House Speaker Kevin McCarthy, R-Calif., says a deal is needed by next week if Washington is to meet the June 1 deadline.