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Biden, McCarthy voice cautious optimism on debt deal

Summary by Ground News
President Joe Biden and congressional leaders optimistic a bipartisan deal could be possible. Meeting yielded agreement on a new system for staff-level negotiations. Lawmakers from both parties said they hoped to avert an unprecedented U.S. default. House Speaker Kevin McCarthy warned the two sides remained far apart.

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Murray Ledger and Times broke the news in on Wednesday, May 17, 2023.
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