Joe Biden

Statement Following a Meeting With Speaker of the House of Representatives Kevin O. McCarthy To Discuss the Public Debt Limit

May 22, 2023

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.

While there are areas of disagreement, the Speaker and I, and his lead negotiators Chairman McHenry and Congressman Graves, and our staffs will continue to discuss the path forward.

NOTE: The statement referred to Rep. Patrick T. McHenry, in his capacity as chairman of the House Financial Services Committee.

Joseph R. Biden, Jr., Statement Following a Meeting With Speaker of the House of Representatives Kevin O. McCarthy To Discuss the Public Debt Limit Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/363123

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