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Biden describes debt-ceiling meeting as ‘productive,’ doesn’t rule out short-term fix

Clyde Edgerton by Clyde Edgerton
May 10, 2023
in Markets
Biden describes debt-ceiling meeting as ‘productive,’ doesn’t rule out short-term fix
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President Joe Biden on Tuesday said he had a “productive meeting with the congressional leadership about the path forward to make sure America does not default,” as he assessed how a much-anticipated meeting on the debt ceiling went. Biden also said he’s not ruling anything out, when asked about a short-term increase for the federal borrowing limit to provide his administration and Congress with more time to come up with a long-term solution. Biden suggested he didn’t see the 14th Amendment as one way out of the current stalemate, but he said he was thinking about taking a look at that “months down the road.” In addition,…



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