1 year ago
9
(NewsNation) — President Joe Biden and House Speaker Kevin McCarthy both held press conferences regarding negotiations on the debt ceiling. If the debt ceiling is not raised, the U.S. could default on its financial obligations as soon as June.
The two men presented vastly different pictures of the negotiations, with Biden striking a reassuring tone while McCarthy blamed the president for any possible future default. If the debt ceiling is not raised, the U.S. could find itself unable to meet financial obligations this summer.
Biden sought to reassure that negotiations are ongoing, though he referred to the discussion as budget negotiations, declaring there was no chance of the U.S. defaulting.
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