President Biden and Speaker McCarthy Discuss Avoiding Default and Reducing Deficit

On Tuesday, President Joe Biden had a wide-ranging discussion with House Speaker Kevin McCarthy. The two discussed the shared duty of every leader in Congress to avoid a default on the nation’s debt. In addition, they discussed ways to reduce the deficit while growing the economy. President Biden made it clear that he wants to work together with Congress in order to find solutions that are beneficial for all Americans. He also expressed his desire for separate talks about how best to continue reducing the deficit while growing the economy. Speaker McCarthy welcomed this approach and said he was eager to work together with President Biden on finding solutions that would benefit all Americans. He also stated that he was committed to avoiding a default on the nation’s debt and wanted to ensure that any measures taken by Congress would be responsible and effective. The discussion between President Biden and Speaker McCarthy is seen as an important step forward in finding common ground between Democrats and Republicans in Congress. It is hoped that their conversation will lead to meaningful progress towards reducing the deficit while still allowing for economic growth across America.