Debt limit fight: Biden meeting with Congress leaders put off until next week; staff talks proceed

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Debt limit fight: Biden meeting with Congress leaders put off until next week; staff talks proceed
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Searching for a budget deal amid the debt ceiling standoff, President Joe Biden says saving unspent COVID money is “on the table.”

was abruptly postponed to next week, with staff-level talks making progress and expected to continue through the weekend, the White House and congressional aides said Thursday., and the delay was billed as a sign of positive exchanges between Republican leaders, Democratic counterparts and Biden.

McCarthy said later: “I don’t think there’s enough progress for the leaders to get back together." But he added that he did expect that meeting next week. So far, Republicans on Capitol Hill appear to be ignoring the former president's counsel. They're working behind the scenes pursuing the priorities in their recently House-passed bill that would raise the debt ceiling in exchange for steep but less than “massive” budget cuts and other future spending restrictions.

Said Schumer: “Donald Trump is about as qualified to run the country as a broken brick. But the danger here is he holds enormous sway over Speaker McCarthy and the hard right.”The Republican speaker owes his gavel to Trump's support during a grueling in-House election.

The U.S. debt, which grew from $20 trillion when Trump took office in 2017 to $28 trillion when Biden took over in 2021, is now $31 trillion.

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