‘A better process’ but not much progress: Where debt talks stand after Tuesday’s meeting

Congress and the White House are racing against the clock, and the House and Senate schedules, to find a path to avoiding default on the nation’s debt. President Joe Biden has truncated his international trip. Could late-May recesses also be on the chopping block?

Tuesday’s talks yielded a set of official proxies for Biden and Speaker Kevin McCarthy voiced optimism about the new “structure” of discussions. But as the key players keep talking, time is ticking. And each chamber is scheduled to be in Washington just a handful of days...