February 2, 2023
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1:14Now PlayingSpeaker Kevin McCarthy said he'll continue talks with President Joe Biden on the debt ceiling dilemma before a default deadline as early as June.
RELATEDWhat happens if the US hits the debt ceiling? Here's what we know
President Joe Biden and House Speaker Kevin McCarthy, R-Calif., had a “frank and straightforward dialogue” about a range of issues Wednesday, according to a readout of the meeting from the White House.
“President Biden made clear that, as every other leader in both parties in Congress has affirmed, it is their shared duty not to allow an unprecedented and economically catastrophic default,” the readout of the meeting said. “The United States Constitution is explicit about this obligation, and the American people expect Congress to meet it in the same way all of his predecessors have. It is not negotiable or conditional.”
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