President Joe Biden, speaker Kevin McCarthy meet at White House on debt crisis worries4 min read . Updated: 02 Feb 2023, 02:44 AM IST
Biden has resisted direct negotiations over raising the nation's legal debt ceiling, warning against potentially throwing the economy into chaos
President Joe Biden and House Speaker Kevin McCarthy met face-to-face for high-level budget talks Wednesday at the White House, but expectations were low for significant progress as the new Republican leader tried to negotiate steep federal spending cuts in a broader deal to prevent a national debt limit crisis.
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