5/23/2023, 3:56 AM (Source: TeleTrader)
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Biden hails 'productive' meeting with McCarthy

United States President Joe Biden described his meeting with US House Speaker Kevin McCarthy as productive, emphasizing that the US cannot default on its debts as that would be a "catastrophe" for its economy.

"We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement," said Biden.

Although there are areas of disagreement, Biden expressed his commitment to ongoing discussions with McCarthy, as well as the lead negotiators from both sides and their respective staffs.

Baha Breaking News (BBN) / NL