we start tonight in washington, where talks to avoid a us debt default have been described as productive, but there s still no deal. presidentjoe biden and speaker of the house kevin mccarthy led negotiations on raising the debt ceiling to ensure the us can continue to pay its bills. biden and republican congressional leaders now have just ten days to avoid a default. president biden said: kevin mccarthy spoke outside the white house, and the bbc s nomia iqbal was watching. he said the meeting was productive. he said the tone was good. he appeared in an upbeat mood and he said there was still a way to go before they make a compromise. he did say that he believed the president does want to make a deal. bear in mind, we are fast approaching the deadline, and if a deal is passed, it would take more than a week, or about a week, to get through congress. the speaker appeared confident that would happen. i never wanted to be here. i do not like the idea that you govern by chaos, yo
From the commentary: America is the only country that continually votes to raise its debt ceiling. This exercise is unnecessary at best and, as we just experienced, dangerous at worst. As we look forward, there is clear agreement across the ideological spectrum: Congress must vote to do away with our nation’s debt limit.
US News: NEW YORK: Demand for the Federal Reserve's reverse repurchase (RRP) facility slowed on Thursday, falling below $2 trillion for the first time since ea.