Debt-Limit Talks to Intensify as Biden Set to Depart for Japan
- McCarthy, Biden express cautious optimism for bipartisan deal
- President, congressional leaders to meet after shortened trip
Debt-ceiling talks between White House and congressional aides are set to intensify as negotiators seek a framework agreement for Joe Biden and House Speaker Kevin McCarthy to review upon the president’s return from a truncated trip to Asia.
The latest round of talks, launched Tuesday night, before Biden’s departure Wednesday for a Group of Seven meeting in Hiroshima, Japan, features a narrower group of negotiators in hopes of yielding a deal to avert an unprecedented US default.