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Biden and McCarthy begin talks to avert a US debt default

US President Biden and House Speaker McCarthy are set to hold talks on the debt ceiling as the risk of default approaches. One headline says Biden appeared to defer to McCarthy's handling of the issue.

By DoomRadar · Published on DoomRadar .

Why it matters

Failure to reach an agreement could create significant economic and financial disruption in the United States.

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  1. Biden, McCarthy set to start US debt ceiling talks as clock ticks to default ↗northernpen.ca · Recorded source date: Aug 19, 2026, 8:46 AM UTC
  2. Biden appeared to default on McCarthy's handling of the US debt ceiling ↗northernpen.ca · Recorded source date: Aug 20, 2026, 4:47 AM UTC

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Biden and McCarthy scheduled to resume U.S. debt-ceiling talks

Joe Biden and Kevin McCarthy are scheduled to meet as negotiations over the U.S. debt ceiling resume. The talks concern the risk of a potentially disruptive federal default if no agreement is reached.

Related details in the reporting

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