Biden, McCarthy Meeting Offers Hope of Deal on Debt Ceiling

Biden, McCarthy Meeting Offers Hope of Deal on Debt Ceiling
President Joe Biden (R) sits next to House Speaker Kevin McCarthy (R-Calif.) during the National Prayer Breakfast at the Capitol in Washington on Feb. 2, 2023. Kevin Dietsch/Getty Images
Lawrence Wilson
Updated:
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President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet on May 22 for in-person talks on resolving the debt ceiling crisis.

Over the weekend, negotiations between representatives from each side stalled as both doubled down on their demands.