President said Tuesday night that he believed House Speaker was still being held hostage by 'extreme' members of his party, which is partially responsible for the ongoing debt ceiling stalemate. The president, who delivered remarks from the Roosevelt Room after his meeting with the four top leaders, said 'default is not an option,' and told reporters that using the 14th Amendment to lift the debt ceiling was something he'd been considering. Biden additionally agreed to look at COVID funding as an area in the budget where he'd accept cuts - one of the proposals McCarthy floated after his meeting Tuesday afternoon.
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