Biden, McCarthy Meeting Offers Hope of Deal on Debt Ceiling

President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet on May 22 for in-person talks on resolving the debt ceiling crisis.
Over the weekend, negotiations between representatives from each side stalled as both doubled down on their demands.
Rep. Garret Graves (R-La.), the lead negotiator for Republicans, told reporters on May 19 that Biden’s negotiators were being “unreasonable.”
The president told reporters on May 21, “Now it’s time for the other side to move from their extreme positions, because much of what they’ve already proposed is simply, quite frankly, unacceptable.” Biden spoke from Hiroshima, Japan, where he was attending the G7 Summit….}