Biden to Continue Debt Ceiling Talks

U.S. House Speaker Kevin McCarthy confirmed that debt ceiling discussions will not include tax discussions, supporting Republican calls for more spending constraints as talks continue. Meanwhile, the House Democratic leader expressed optimism about reaching "common ground" on the debt ceiling within the next week or so. President Joe Biden will continue phone discussions with congressional leaders regarding the government debt ceiling later this week, according to White House Press Secretary Karine Jean-Pierre. The spokesperson noted that the President will meet with them again upon his return from travel to participate in the G7 summit. CNN reported that the White House anticipates "the continuation of daily negotiations regarding the debt ceiling."