Economic news

Biden to continue debt talks later this week amid G7, White House says

2023.05.17 07:24


© Reuters. U.S. President Joe Biden is flanked by Vice President Kamala Harris and Senate Majority Leader Chuck Schumer (D-NY) as he hosts debt limit talks with HSenate Minority Leader Mitch McConnell (R-KY), House Speaker Kevin McCarthy (R-CA), and Congressional l

WASHINGTON (Reuters) -U.S. President Joe Biden will continue to hold talks with congressional leaders on the nation’s debt limit later this week and will meet with them again after the G7 summit, a White House spokeswoman said on Wednesday following an hourlong meeting at the White House on Tuesday.

Karine Jean-Pierre, in an interview on MSNBC, said Biden would speak with top lawmakers by telephone during his trip to the Group of Seven gathering in Japan as negotiations over the U.S. debt ceiling continue.

“The president is looking forward to having conversations with the congressional leader on the phone and meeting with them again when he comes back from overseas,” she said.

Biden called his meeting Tuesday with House Republican Speaker Kevin McCarthy productive.

The president, a Democrat, on Tuesday postponed plans to visit Papua New Guinea and Australia, cutting short his Asia trip so he can return to Washington.

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