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Debt ceiling negotiations remain at a stalemate. Officials on both sides remain far apart on their demands, according to House Speaker Kevin McCarthy. CBS News congressional correspondent Nikole Killion has the latest.
Debt ceiling negotiators met again Wednesday with just about a week to go until the Treasury's default deadline. House Speaker Kevin McCarthy said the two sides are "still far apart." CBS News congressional correspondent Nikole Killion has the latest.
House Speaker Kevin McCarthy addressed reporters Wednesday, blaming Democrats for the debt ceiling impasse. He argued Democrats could have raised the debt limit before he became speaker.
Despite the ever-shrinking timeline until the U.S. defaults on its debts, House Speaker Kevin McCarthy told reporters Tuesday he still thinks a deal is possible. But he also made clear there's still work to be done. CBS News congressional correspondent Nikole Killion reports from Capitol Hill.
House Speaker McCarthy said Tuesday that he and President Biden are "nowhere close" to a deal on raising the debt limit. Negotiators continue to meet as the default deadline approaches. Nikole Killion has more.
House Speaker Kevin McCarthy says he and President Biden are still not close to a deal on the debt ceiling. Jeff Stein, White House economics reporter for the Washington Post, joins CBS News to break down how the Biden administration is weighing the risks of default and its political priorities.
One day after President Biden and House Speaker Kevin McCarthy called their meeting at the White House "productive," McCarthy made clear Tuesday that the two sides are still nowhere near an agreement. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Nikole Killion report from Capitol Hill.
President Biden, Speaker McCarthy optimistic as negotiations continue and debt deadline looms; Heavy travel expected for Memorial Day weekend.
President Biden met again with House Speaker Kevin McCarthy Monday over the looming debt ceiling crisis. Despite describing their negotiations as "productive," McCarthy says he and the president are "still apart" on the terms of a deal. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion have more.
President Biden and House Speaker Kevin McCarthy will continue to meet daily to discuss the debt ceiling as the deadline looms. It is nine days away. The White House and Republicans are haggling over spending cuts, while Americans worry a possible default could impact their financial futures. CBS News chief White House correspondent Nancy Cordes reports from the White House.
President Biden welcomed House Speaker Kevin McCarthy to the White House Monday to try and iron out a debt limit deal. CBS News senior White House correspondent Weijia Jiang reports.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
President Biden and House Speaker McCarthy met Monday to try to reach a deal on raising the debt ceiling. McCarthy, who is demanding drastic spending cuts, said he was optimistic a compromise could be reached. Weijia Jiang has the latest.
President Biden and House Speaker Kevin McCarthy met about the debt ceiling at the White House less than two weeks before the default deadline. CBS News senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Nikole Killion report.
The clock is ticking on the possibility of reaching a deal on the debt ceiling. President Biden and House Speaker McCarthy meet again Monday for negotiations. But there is still a lot of ground to cover. CBS News chief White House correspondent Nancy Cordes has more.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
Following several meetings Friday, White House negotiators and Republican congressional leaders left the Capitol without an agreement on solving the nation's debt ceiling crisis. President Biden is expected to cut short his Asia-Pacific trip to return to Washington to address the issue. Christina Ruffini has the latest.
Debt ceiling negotiations remain bumpy with less than two weeks to cut a deal. Republicans accuse the White House of being "unreasonable," which Biden's negotiating team disputes. CBS News congressional correspondent Nikole Killion reports.
After negotiations over the nation’s debt ceiling appeared to have initially stalled, with Republican negotiators walking out of talks with White House officials, the talks were expected to resume late Friday night, CBS News learned. President Biden is cutting short an Asia-Pacific trip and will be returning to Washington in the hopes of reaching a deal. Nancy Cordes has the latest.
President Biden and congressional leaders met again Tuesday, but still have not reached a deal on raising the debt limit. Treasury Secretary Janet Yellen warns the U.S. may not be able to pay its bills as early as June 1. Ed O'Keefe reports.
The House speaker said negotiations are in "a much better place" than they were a week ago.
President Biden and congressional leaders said they made progress on Tuesday towards a compromise to raise the debt ceiling before June 1. If they fail to do so, economic experts warn there would be dire financial consequences.
President Biden met with congressional leaders Tuesday for another round of debt limit talks. Both sides say that discussions have been productive, but they did not reach an agreement. CBS News senior White House correspondent Weijia Jiang reports.
President Biden sat down with both Republican and Democratic congressional leaders in the Oval Office Tuesday to discuss the debt ceiling. House Speaker Kevin McCarthy said a deal is possible by week's end, but that the two sides remain far apart. Ed O'Keefe reports from the White House.
President Biden on Tuesday met for a second time with congressional leaders about the debt ceiling. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Scott MacFarlane join with reaction from the Biden administration and lawmakers.
