WASHINGTON, May 23 (Bernama-Sputnik) -- US President Joe Biden said his meeting with House Speaker Kevin McCarthy was productive and the sides reiterated that default was off the table, reported Sputnik.
"I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy. We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement," Biden said in a statement.
He said that while there are areas of disagreement, he and McCarthy and other officials concerned will continue to discuss the path forward.
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