Statement from President Joe Biden on Budget Negotiations

I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy.

We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement.

While there are areas of disagreement, the Speaker and I, and his lead negotiators Chairman McHenry and Congressman Graves, and our staffs will continue to discuss the path forward.

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Joe Biden, Economy