Kevin McCarthy says he is still 'far apart' on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe
. Since that meeting, the lawmakers' staff have been holding frequent discussions on what an eventual deal to raise the debt ceiling could look like — including possible areas for compromise — and Biden himself has since appeared optimistic with the directions these talks are going.reporters on Sunday."I remain optimistic because I'm a congenital optimist.
"It doesn't seem to me yet they want a deal, it just seems like they want to look like they are in a meeting but they aren't talking anything serious," McCarthy said. "I think we've got to have a deal done by this weekend to have a timeline to be able to pass it in both houses," he added.on Friday that there is"significant risk" the US could run out of money to pay its bills in the first two weeks of June, writing that if the debt ceiling is not raised by then,"the government will have to delay making payments for some activities, default on its debt obligations, or both.
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