“We’ve not reached the crunch point yet,” Biden told reporters. “There’s real discussion about some changes we all could make. We’re not there yet.” Biden remains 'optimistic' ahead of debt limit talks:
The meeting was initially supposed to be Friday, butso staff-level talks could continue before Biden and the four congressional leaders huddled for a second time.
"I remain optimistic because I’m a congenital optimist," Biden told reporters while out for a bike ride in Rehoboth Beach, Delaware. "But I really think there’s a desire on their part as well as ours to reach an agreement. I think we’ll be able to do it.” Administration officials said the talks among staff had so far been productive after Biden and the leaders — House Speaker Kevin McCarthy, R-Calif., House Democratic leader Hakeem Jeffries of New York, Senate Majority Leader Chuck Schumer of New York and Senate Republican leader Mitch McConnell of Kentucky — ended theirThe president described that Oval Office session as “productive” even though McCarthy said later he “didn’t see any new movement” toward resolving the stalemate.
An increase in the debt limit would not authorize new federal spending. It would only allow for borrowing to pay for what Congress has already approved.
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