White House, McCarthy teams agree to increase tempo of “debt ceiling” theatrics

Source: CNN

“Congressional leaders from both parties emerged from their meeting with President Joe Biden at the White House on Tuesday unable to convey how they’re on a clear path to raise the nation’s [sic] borrowing limit and avoid a historic [fifth] default. And in a sign that Biden will have to be hands-on as debt talks continue, the White House has scrapped part of his upcoming trip abroad. … While a deal hasn’t been reached, talks are now getting more direct between House Speaker Kevin McCarthy’s team and the White House. After Tuesday’s meeting, McCarthy announced Louisiana Republican Rep. Garret Graves and the speaker’s staff will negotiate with Office of Management and Budget Director Shalanda Young and White House aide Steve Ricchetti going forward on the debt limit.” (05/16/23)