.POTUS said that progress is being made on resolving the debt ceiling impasse Saturday but noted that any deal based on negotiations was 'not there yet.' 'We’re moving along; it’s hard to tell. We’ve not reached the crunch point yet.'
President Joe Biden said that progress is being made on resolving the debt ceiling impasse Saturday but noted that any deal based on negotiations was"not there yet."
Republicans and Democrats have been at odds over how to increase the nation's $31.4 trillion borrowing authority, which it hit back in January. House Speaker Kevin McCarthy has insisted any hike be paired with a reduction in spending, while Biden and Democrats have been adamant it occurs without any strings attached.
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