Economic news
Biden’s team reports ‘progress’ in debt ceiling talks with president
2023.05.18 23:21
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the economy from an auditorium on the White House campus in Washington, U.S. January 12, 2023. REUTERS/Jonathan Ernst
HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden held a call with his debt ceiling negotiation team on Friday while he was traveling in Japan for the Group of Seven (G7) summit, according to White House officials.
“The President’s team informed him that steady progress is being made,” one of the officials said, adding that Biden remained confident that Congress would take action to prevent a default.
