It’s back, it’s forth, debt ceilings negotiations are on, they’re off—the discussions between House Speaker Kevin McCarthy and President Joe Biden are a constantly changing drama. After they both issued contentious statements Saturday, McCarthy on Sunday said he had spoken to the president by phone as Biden returned from the G7 summit on Air Force One.
Both sides have been accusing the other of being intractable in negotiations over raising the debt ceiling, which Treasury Secretary Janet Yellen says we could hit as soon as June 1, causing “economic chaos.”
Evidently, they’re on slightly friendlier terms after the phone call, and they’ve agreed to meet at the White House Monday.
“My discussion with the President I think was productive,” McCarthy told NBC News after their call, adding that the president had requested to meet in person Monday and he accepted the offer.
“I think we can solve some of these problems. But I’ve been very clear