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President deemed the talks ‘productive’ while McCarthy stressed lack of progress as $31.4tn default looms as soon as 1 JunePresident Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4tn US debt limit, with just three weeks before the country could be forced into an unprecedented default.After about an hour of talks in the Oval Office, Biden, a Democrat, and House of Representatives speaker Kevin McCarthy, a Republican, deputized their aides to hold daily discussions about areas of possible agreement as a default looms as soon as 1 June. Continue reading...