Biden Pushes Momentum in Debt Talks as He Begins Summit in Japan

Small White House, Republican teams are conducting talks
McCarthy, Schumer Prepare for Votes Before June 1 Deadline

WATCH: Democratic Representative McClellan discusses the debt ceiling and what she will and will not vote for.Source: Bloomberg

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By Jordan Fabian and Erik Wasson

May 19, 2023 at 4:04 AM UTC

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President Joe Biden urged his negotiators to keep pursuing a debt-limit deal after House Speaker Kevin McCarthy indicated that both sides may reach agreement as soon as this weekend to avoid a catastrophic US default.

In a call early Friday from Japan, where he’s attending the Group of Seven summit, Biden told his hand-picked negotiating team in Washington that he’s confident Congress will act in time, according to a White House official.