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President Joe Biden waves as he boards Marine One on the South Lawn of the White House in Washington, Friday, May 26, 2023, as he heads to Camp David for the weekend. (AP Photo/Susan Walsh)President Joe Biden and House Speaker Kevin McCarthy have spoken directly as they race to strike an agreement that would resolve the looming debt crisis. They spoke Saturday evening. Republican negotiator Rep. Patrick McHenry says “big, thorny issues remain” that the two must resolve. as McCarthy gathered top allies at the Capitol as negotiators push for a deal that would raise the nation’s borrowing limit and avoid a catastrophic default. That's while also making spending cuts that House Republicans are demanding. They have been stalled over work requirements for aid recipients. McCarthy said earlier Saturday the Republican negotiators are “closer to an agreement,” but there’s no deal yet.
Originally published at Associated Press