No agreement yet on debt ceiling, but Biden, McCarthy say they're optimistic after meeting

WASHINGTON (AP) — House Speaker Kevin McCarthy said he had a productive debt ceiling discussion with President Joe Biden late Monday at the White House, but no agreement yet as Washington strains to strike a budget compromise and raise the nation's borrowing limit in time to avert a potentially chaotic federal default.

It's a crucial moment for the Democratic president and the Republican speaker, just 10 days before a looming deadline to raise the debt limit.

As soon as June 1 the U.S. could start running short of cash to cover its debts, a daunting situation. Treasury Secretary Janet Yellen s...


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