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Piero Cingari

Biden Stays Optimistic About The Debt Ceiling Deal As The Clock Ticks On Negotiations

Joe Biden Kevin McCarthy John Barrasso Mark Zandi United States White House G7
Speaker of the House Kevin McCarthy (R-CA) speaks to reporters following a bicameral news conference with Senate and House Republicans outside the U.S. Capitol Building on Wednesday, May 17, 2023 in Washington, DC. The bicameral group of Senators and members of the House held the press conference to address the current impasse over raising the nation's debt limit. KENT NISHIMURA/BENZINGA

President Joe Biden has vowed that the U.S. will not default on its bills as the battle of negotiations continue between the White House and Congress.

U.S. Sen. John Fetterman (D-PA) (3rd L) speaks as (L-R) Sen. Bernie Sanders (I-VT), Sen. Ed Markey (D-MA), Sen. Peter Welch (D-VT) and Sen. Jeff Merkley (D-OR) listen during a news conference on debt limit at the U.S. Capitol on May 18, 2023 in Washington, DC. A group of Senate Democrats have sent a letter to President Joe Biden urging him to invoke the 14th Amendment of the U.S. Constitution to avoid a debt default if he can’t reach to a deal with Republicans. ALEX WONG/BENZINGA
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