President Joe Biden and Speaker Kevin McCarthy on Tuesday tapped proxies to negotiate directly over how to increase the debt limit with time running short before the government runs too low on funds.
McCarthy and other top congressional leaders met with Biden and Vice President Kamala Harris at the White House amid a debt limit standoff between the two parties.
McCarthy and his Senate GOP counterpart, Minority Leader Mitch McConnell had complained about having too many negotiators in the room, stressing that only the speaker and president would be able to cut a deal in the end.
