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https://www.wsj.com/articles/biden-mccarthy-try-to-get-debt-ceiling-deal-done-9d943ca9

Biden, McCarthy Hold ‘Productive’ Meeting but No Debt-Ceiling Deal Yet

Spending levels for next year have become contentious part of negotiations

By Natalie Andrews

, Andrew Restuccia

and Siobhan Hughes

Updated May 22, 2023 11:58 pm ET

Speaking ahead of debt-ceiling talks at the White House Monday, President Biden said, ‘I think we may be able to get where we have to go,’ while House Speaker Kevin McCarthy said he thinks they can ‘find common ground.’ Photo: Leah Millis/Reuters

WASHINGTON—House Speaker Kevin McCarthy and President Biden failed to reach a deal to raise the debt ceiling following a high-stakes meeting at the White House but planned to press ahead with talks, as the U.S. nears a deadline to prevent a first-ever default.

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