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WEKU
WEKU
Business
Ximena Bustillo

Biden says debt ceiling deal 'very close.' Here's why it remains elusive

Kevin McCarthy United States Patrick McHenry
President Biden talks to reporters as he departs the White House for the Memorial Day holiday weekend. (Chip Somodevilla/Getty Images)

White House and GOP negotiators are entering the weekend without a deal to stop the country from defaulting on its loans, despite President Biden saying the two sides are "very close."

While leaving the White House on Friday for Camp David, Biden told reporters he was "hopeful" a deal could be reached before the day closed, adding that he was "very optimistic."

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