GOP lawmakers have been holding tight to demands for sharper spending cuts with caps on future spending, rejecting the alternatives proposed by the White House that call for reducing deficits in part with new revenue from taxes.
WASHINGTON (AP) President Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion late Monday at the White House,
UPDATE: No Debt Ceiling Agreement in White House Meeting waka.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from waka.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON President Joe Biden and House Speaker Kevin McCarthy declared they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement and neither side appeared to be giving ground as Washington strained to raise the nation s borrowing limit in time to avert a potentially chaotic federal default.