Biden and McCarthy Still Haven’t Made a Debt Limit Deal
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Biden and McCarthy Still Haven’t Made a Debt Limit Deal
Biden and McCarthy , Still Haven’t Made a Debt Limit Deal.
June 1 is the deadline for America's
debt limit to be raised before the country defaults for the first time ever.
The House speaker and U.S. president ended
their current round of talks regarding the
situation on the evening of May 22, CNN reports.
The House speaker and U.S. president ended
their current round of talks regarding the
situation on the evening of May 22, CNN reports.
While no deal was reached,
the two leaders are optimistic.
.
I felt we had a productive discussion.
We don’t have an agreement yet,
but I did feel the discussion was productive in areas that we have differences of opinion, Kevin McCarthy, House speaker, via statement.
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, Joe Biden, U.S. president, via statement.
While there are areas of disagreement, the Speaker and I, and his lead negotiators…
and our staffs will continue to discuss the path forward, Joe Biden, U.S. president, via statement.
McCarthy also said that once an agreement is reached, he will uphold the House's three-day rule to make sure legislators have enough time to examine the deal before voting.
But not everyone is so optimistic
about the discussions thus far.
The Pentagon has confirmed it is conducting a “capability review” to reassess whether military aid to Ukraine aligns with America’s shifting defense priorities. Chief spokesperson Sean Parnell said the U.S. is taking a hard look at promised weapons deliveries — some of which are now halted — to ensure national interests come first. The move follows the White House’s decision to stop key shipments of air defense ammunition, artillery shells, and missiles previously pledged under the Biden administration.
With President Trump’s “America First” policy reshaping foreign aid strategy, the Pentagon appears to be pivoting away from prolonged foreign entanglements. Ukrainian officials have slammed the halt as betrayal, warning it weakens their resistance against Russia’s advances. Meanwhile, analysts say this could signal a major realignment in U.S. global commitments — and a boost for Russian military strategy. Is Washington walking away from Kyiv?
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Tensions between the United States and Iran have escalated once again after Tehran suspended cooperation with the International Atomic Energy Agency (IAEA) following US and Israeli strikes on its nuclear facilities. US State Department spokesperson Tammy Bruce called Iran’s move "unacceptable" and urged Tehran to resume full cooperation under the Nuclear Non-Proliferation Treaty (NPT).
In this video, we break down what led to the latest nuclear standoff, the implications of Iran possibly exiting the NPT, the frozen US-Iran nuclear talks, and what Donald Trump and Biden are saying about sanctions and diplomacy. Will Iran return to the negotiating table, or are we on the brink of a new nuclear crisis?
Stay tuned as we unpack the geopolitical stakes, regional fallout, and what this means for global non-proliferation efforts.
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