Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Biden expects to meet lawmakers Tuesday for debt talks, says he is optimistic

Published 05/14/2023, 05:54 PM
Updated 05/14/2023, 06:10 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden speaks to reporters before boarding Air Force One as he departs for Dover, Delaware, from Joint Base Andrews in Maryland, U.S., May 13, 2023.      REUTERS/Joshua Roberts

REHOBOTH BEACH, Delaware (Reuters) -U.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation's debt limit and avoid a catastrophic default.

Speaking to reporters in Delaware, Biden said he remained optimistic about agreeing on a deal.

Biden had been scheduled to meet with lawmakers on Friday but the meeting was postponed.

Biden said he had received an update on how talks had gone between administration staffers and their congressional counterparts.

© Reuters. FILE PHOTO: U.S. President Joe Biden speaks to reporters before boarding Air Force One as he departs for Dover, Delaware, from Joint Base Andrews in Maryland, U.S., May 13, 2023.      REUTERS/Joshua Roberts

"I remain optimistic because I'm a congenital optimist," Biden said. He said he believed there was a desire on both sides to reach an agreement. "I think we’ll be able to do it.”

Biden said he still planned to leave on a trip to Japan this week for a meeting of G7 leaders. He has been scheduled to leave on Wednesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.