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Al Jazeera
Al Jazeera

Biden and McCarthy resume talks as US debt ceiling deadline looms

US House Speaker Kevin McCarthy and Republican Representative Patrick McHenry speak to reporters after a White House meeting to discuss the debt ceiling [Leah Millis/Reuters]

United States President Joe Biden, a Democrat, has held a sit-down meeting with Republican House Speaker Kevin McCarthy to discuss raising the country’s debt ceiling, which limits how much the federal government can borrow to pay its accounts.

But once again, a solution to the country’s impending debt crisis remains elusive as the government hurtles towards the prospect of running out of funds as early as June.

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