Debt-ceiling talks between Biden and McCarthy continue while 14th Amendment option is debated.

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Source: The Wall Street Journal
Debt-ceiling talks between Biden and McCarthy continue while 14th Amendment option is debated.
Photo: The Wall Street Journal
TL;DR Summary

President Biden and House Speaker Kevin McCarthy plan to meet on Monday afternoon to negotiate a debt-ceiling deal that could pass both the Republican-led House and Democratic-led Senate by the end of the month. Biden urged Republicans to move from their "extreme positions" over raising the debt limit, stating that default is "not an option."

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