United States President Joe Biden, a Democrat, has held a sit-down meeting with Republican House Speaker Kevin McCarthy to discuss raising the country’s debt ceiling, which limits how much the federal government can borrow to pay its accounts.
But once again, a solution to the country’s impending debt crisis remains elusive as the government hurtles towards the prospect of running out of funds as early as June.
Still, McCarthy struck a note of optimism as he left the White House on Monday. “I think the tone tonight was better than any other time we’ve had discussions,” McCarthy told reporters at a press conference. “I felt it was productive.”
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