US Senate Semocratic Leader Schumer: McCarthy refused to take default off the table
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President Joe Biden and top lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act, Reuters reported.
´´The Oval Office meeting between Biden, a Democrat, and House of Representatives Speaker Kevin McCarthy, a Republican, ended after just over an hour with no immediate sign progress was made, after both sides suggested earlier they would not agree to concessions to head off a default as early as June 1.´´
McCarthy refused to take default off the table, US Senate Democratic leader Schumer said.
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