: McCarthy says 2nd debt-ceiling meeting was ‘a little more productive,’ while Biden says he’s optimistic afterward

by | May 16, 2023 | Stock Market

House Speaker Kevin McCarthy on Tuesday offered a somewhat upbeat assessment on the second round of debt-ceiling talks, with his comments coming right after the conclusion of the latest discussions between President Joe Biden and the top four U.S. lawmakers. The California Republican said he and Biden are still far apart, but he also said it’s possible to get a deal by the end of the week. He called Tuesday’s meeting “a little more productive.”

The Biden White House said in a statement after the meeting that it was “productive and direct.” “The president emphasized that while more work remains on a range of difficult issues, he’s optimistic that there is a path to a responsible, bipartisan budget agreement if both sides negotiate in good faith and recognize that neither side will get everything it wants,” the statement said. “The president directed staff to continue to meet daily on outstanding issues. He said that he would like to check in with leaders later this week by phone, and meet with them upon his return from overseas.” Biden said in a speech at a separate White House event that he’s cutting an upcoming overseas trip short “in order to be back for the final negotiations with …

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