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Debt ceiling talks face June 1 deadline and broad options
As Biden meets with McCarthy and other leaders, lawmakers weigh paths to avert default. Proposals range from a clean raise to a stopgap, plus talks on spending cuts and possible 14th Amendment options. With House Republicans pushing deep cuts and Senate Republicans backing reforms, the path to a deal remains uncertain and time is short.
MENTIONED IN THIS ARTICLE
Washington
White House
Congress
Joe Biden
House
Kevin McCarthy
Karine Jean-Pierre
Biden
Senate
McCarthy
Mike Lee
Utah
Mitch McConnell
GOP
Republican Conference
Hakeem Jeffries
Jeffries
Treasury
Janet Yellen
U.S
Yellen
CNBC
Freedom Caucus
McConnell
House Democrats