G7 Summit: Biden's Optimism and Reflection on Peace at Hiroshima.

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Source: The New York Times
G7 Summit: Biden's Optimism and Reflection on Peace at Hiroshima.
Photo: The New York Times
TL;DR Summary

President Biden expressed optimism that a deal can be reached with Republicans to raise the debt ceiling despite recent harsh statements from both sides. However, his aides have continued to sound alarms and he has directed his team to schedule a call with Speaker Kevin McCarthy. The two sides have found some agreement in talks, but are hung up on the details of discretionary spending caps. Biden's public confidence in the prospects for a deal has stirred discontent among some liberals who fear he will give away too much to Republicans. The federal government could run out of options to avoid breaching the debt ceiling as early as June 1.

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