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0:20Now PlayingKevin McCarthy to taxpayers on debt ceiling: 'It's coming out of your pocket' #Shorts
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0:20Now PlayingHouse Speaker Kevin McCarthy said he and President Joe Biden had a "productive discussion" on the debt ceiling but still lack an agreement.
RELATEDNo debt limit deal made during Biden, McCarthy meeting at White House
President Joe Biden and House Speaker Kevin McCarthy appeared to make progress but did not reach an agreement during a pivotal White House meeting on raising the debt ceiling 10 days before a potential default. “I felt we had a productive discussion," McCarthy told reporters following the roughly one-hour meeting. "We don’t have an agreement yet.”
The high-stakes Oval Office meeting, which lasted about an hour, came after negotiations took a step backwards over the weekend amid long-standing disagreements on spending cuts sought by Republicans.
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