1/29, 7:04 PM (Source: TeleTrader)
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McCarthy, Biden to talk debt ceiling on Wednesday

United States House Speaker Kevin McCarthy told CBS that he plans on meeting with President Joe Biden on Wednesday to discuss the nation's debt limit.

"I know the president said he didn't want to have any discussions, but I think it's very important that our whole government is designed to find compromise," the speaker stated.

McCarthy's comments come after the Biden administration said it'd be willing to work with Republicans to prevent the nation from defaulting on its debts, noting, however, that the White House will not compromise on proposed budget cuts in order to find a bipartisan solution.

Baha Breaking News (BBN) / NL