Sen. Chuck Schumer said meeting with Congressional leaders and President Joe Biden on debt ceiling was “much more cordial” as default deadline looms.
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President Joe Biden and House Speaker Kevin McCarthy appeared to make ever-so-slight progress toward a debt-ceiling deal in an Oval Office meeting Tuesday even as the speaker said the two sides remain far apart.
McCarthy applauded the administration’s installment of three White House aides to serve as lead negotiators in debt-ceiling talks with Republicans. Democratic leaders said both sides agreed the House and Senate must pass a “bipartisan bill” with backing from both parties to raise the debt ceiling.
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