Biden, congressional leaders likely to meet Tuesday after canceling the meeting on Friday
REHOBOTH BEACH, Del. — President Biden and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.
“I remain optimistic because I’m a congenital optimist,” Biden told reporters while out for a bike ride in Rehoboth Beach, Delaware. “But I really think there’s a desire on their part as well as ours to reach an agreement. I think we’ll be able to do it.” On Sunday, senior administration officials said the talks among staff had so far been productive after Biden and the leaders - House Speaker Kevin McCarthy, R-Calif., House Democratic leader Hakeem Jeffries of New York, Senate Majority Leader Chuck Schumer of New York and Senate Republican leader Mitch McConnell of Kentucky - ended their first meeting last Tuesday without a breakthrough.
McCarthy has insisted on using the threat of defaulting on the nation’s debts to wrangle spending changes, arguing that the federal government can’t continue to spend money at the pace it is now. The national debt now stands at $31.4 trillion.
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