Biden: US Debt Ceiling Talks Going Well, but No Deal Reached Yet

President Joe Biden said Thursday that negotiations with Republican lawmakers to raise the U.S. government's borrowing limit and set future spending levels are going well, while assuring Americans the country will not default on its obligation to pay its bills. White House budget negotiators continued to talk with representatives of Republican House Speaker Kevin McCarthy to sort out the last details of a deal, but no agreement was announced as lawmakers began to leave Washington ahead of the country's annual Memorial Day weekend. The Republican-controlled House of Representatives is not scheduled to return until Tuesday — just two days ahead of June 1, the date Treasury Se
webdesk@voanews.com (Ken Bredemeier)
[Read more]