President Joe Biden and top Republican lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act.
U.S. President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy and other congressional leaders in the Oval Office at the White House in Washington, U.S., May 9, 2023. REUTERS/Kevin Lamarqueon Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act.
"I made clear during our meeting that default is not an option." "I told congressional leaders I'm prepared to begin a separate discussion about my budget." "If somehow we got down to the wire and we still hadn't resolved this," and the due date was during the trip "I would not go. I would stay until this gets finished.""Everybody in this meeting, reiterated the positions they were at. I didn't see any new movement. President said the staff should get back together. But I was very clear with the president, we have now just two weeks to go.
"What we have here is we're running out of time, and it's time for the President to get serious and just sit down with the Speaker and get a solution."
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