The Washington PostDemocracy Dies in Darkness

Negotiators see progress on debt ceiling, as Biden’s liberal allies worry

White House spurs concerns among Democratic allies as negotiators weigh new limits on spending in talks with Republicans

Updated May 16, 2023 at 4:47 p.m. EDT|Published May 16, 2023 at 9:46 a.m. EDT
President Biden and Vice President Harris meet with House Speaker Kevin McCarthy (R-Calif.) in the Oval Office on Tuesday to discuss the debt ceiling and federal spending. (Demetrius Freeman/The Washington Post)
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President Biden and top congressional leaders expressed optimism about urgent negotiations over the debt ceiling after a meeting at the White House on Tuesday, as the administration’s liberal allies worried that talks with House Republicans over the budget risk rewarding the GOP’s hard-line stance.

House Speaker Kevin McCarthy (R-Calif.) sounded confident that an agreement could be reached ahead of a June 1 deadline to raise the nation’s borrowing limit or risk a global economic catastrophe. Biden gave a similar assessment, though major differences remain between the two sides before a deal can be struck.