Biden, McCarthy meeting ends with no deal on debt ceiling

WASHINGTON -President Joe Biden and House Speaker Kevin McCarthy ended discussions on Monday with no agreement on how to raise the U.S. government’s $31.4-trillion debt ceiling and will keep talking with just 10 days before a possible default that could sink the U.S. economy.

The Democratic president and the top congressional Republican have struggled to make progress on a deal, as McCarthy pressures the White House to agree to spending cuts in the federal budget that Biden considers “extreme,” and the President pushes new taxes on the wealthy that Republicans reject.

“I felt we had a productive discussion. We don’t have an agreement yet,” McCarthy told reporters after an hour …

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