OnPolitics: Biden, McCarthy talk debt ceiling. Will they reach a deal?

Leaders remain optimistic despite not yet reaching a deal.

Advertisement Read in browser Read in browser On Politics Wed May 17 2023 👋 OnPolitics readers. It sounds like leaders could reach a deal on the debt ceiling soon. President Joe Biden shortened a planned trip overseas yesterday in order to be back for more debt ceiling negotiations with congressional leaders. Biden was set to travel to Sydney to meet with leaders of India, Japan and Australia at the conclusion of the Group of Seven Summit, which is taking place this week in Hiroshima. He was also set to stop in Papua New Guinea. However, White House officials said yesterday Biden would cancel the second half of his trip and return to the U.S. at the end of the summit.   🔑 'Trust, but verify': As McCarthy meets with Biden on debt limit, is the GOP backing him? Why this matters: The move underscores the urgency of a looming June 1 deadline for potential economic calamity, reporters Francesca Chambers and Joey Garrison write. So, is there a deal?: Not yet, but leaders, including Biden have remained optimistic. Biden said yesterday he would be speaking "regularly" with congressional leaders while in Japan, adding that he's confident they would "make progress toward avoiding default." House Speaker Kevin McCarthy, R-Calif., told reporters after meeting with the president and other congressional leaders yesterday that it's "possible to get a deal by the end of the week." 🔎 Keep reading: Biden cancels trip to Australia over debt ceiling talks, will travel to Japan 🤝 Close to a deal?: Biden, McCarthy make progress on debt ceiling deal but sides still far apart 🍳 ICYMI: 'I don't have anything in my refrigerator': GOP debt ceiling plan would cut SNAP benefits 📨 Get newsletter in your inbox: Don't miss our politics coverage. Sign up for OnPolitics. Federal prosecutor violated law in Democratic politicking: watchdogs Rachael Rollins, the U.S. attorney for Massachusetts, violated the law and ethics dabbling in Democratic politics, according to a watchdog report. READ MORE Advertisement NYPD officers killed in line of duty, 7 others awarded Medal of Valor President Joe Biden presents Medal of Valor to nine public safety officers in recognition of their heroics and bravery on the job. READ MORE Primary firsts: A good night for Black candidates and Democrats Philadelphia is poised to elect its first Black woman mayor; a Democratic win in Florida bodes ill for Republicans. READ MORE Supreme Court balks at request to block 'assault rifle' ban The Second Amendment suit from Illinois is among the first to reach the Supreme Court after it handed down a major win for gun rights last year. READ MORE 24 hours to save Ukraine-Russia grain deal that's eased food crisis Negotiators have 24 hours to save a pact that's enabled Ukraine to export millions of tons of grain and help ease a global food crisis despite the war it is fighting with Russia. READ MORE Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Advertisement Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback