Debt ceiling negotiators pushing for weekend deal, but much work remains

KIFI

Published May 18, 2023 9:18 PM

By LISA MASCARO
AP Congressional Correspondent

WASHINGTON (AP) — Top negotiators from the White House have met over the debt limit with House Speaker Kevin McCarthy’s emissaries at the Capitol. They were grinding through more head-to-head talks on Thursday, trying to strike a budget deal. President Joe Biden and McCarthy both tapped their top representatives to press for results ahead of a deadline as soon as June 1. That’s when the U.S. could run out of funds to pay its obligations, sparking an economic crisis. Upbeat, McCarthy said it was important to have an “agreement in principle” this weekend to get to a House vote next week. Biden is being updated while he is at the Group of Seven summit in Japan.

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