Biden's debt ceiling talks fail

Biden's debt ceiling talks fail.
Biden's next meeting with Speaker of the US House of Representatives Kevin McCarthy to discuss the terms of raising the national debt ceiling did not produce results. Republicans refuse to go along unless the president agrees to drastic spending cuts. The head of the White House, in turn, wants them to agree to higher taxes for corporations and the wealthiest Americans. The ABC TV channel reminds that time is running out, because any agreement must still pass through both houses of Congress.