No Debt Limit Deal Yet, Though Biden, McCarthy Upbeat After Meeting

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy declared they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement and neither side appeared to be giving ground as Washington strained to raise the nation’s borrowing limit in time to avert a potentially chaotic federal default. It’s a crucial moment for the Democratic president and the Republican speaker. As soon as June 1, Treasury Secretary Janet Yellen said in a letter to Congress, “it is highly likely” the government will...