Administration of Joseph R. Biden, Jr., 2023

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.

Categories: Statements by the President : Speaker of the House of Representatives, meeting with President on public debt limit.

Names: Graves, Garret N.; McCarthy, Kevin O.; McHenry, Patrick T.

Subjects: House Financial Services Committee; Public debt limit; Speaker of the House of Representatives.

DCPD Number: DCPD202300458.

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