Biden and McCarthy's U.S. Debt Ceiling Talks: Coming Down to the Wire

<p>The United States debt ceiling has been an increasingly contentious issue in the past few weeks, as the risk of economic catastrophe looms ever larger. President Joe Biden and top congressional Republican Kevin McCarthy took part in a debt ceiling negotiation meeting on Tuesday that lasted less than an hour, but the meeting left a positive note as McCarthy stated that it was possible to get a deal by the end of the week.</p> <p>The meeting, which took place in the Oval Office, consisted of Biden, McCarthy, Senate Majority Leader Chuck Schumer, House Democratic leader Hakeem Jeffries, and Senate Republican leader Mitch McConnell. According to a source, Biden had originally planned a three-day G7 summit in Japan with a stop in Papua New Guinea and Australia afterward; however, due to …