Biden says he's 'optimistic' about a debt ceiling deal as leaders prepare for Tuesday meeting

WASHINGTON — President Joe Biden sounds optimistic astir the likelihood of reaching a woody with Republicans to rise oregon suspend the indebtedness bounds successful clip to debar economical fallout from adjacent a imaginable U.S. indebtedness default.

"I truly deliberation there's a tendency connected their part, arsenic good arsenic ours, to scope an agreement, and I deliberation we'll beryllium capable to bash it," Biden told reporters Sunday successful Delaware. As to his authorities of mind, helium said, "I stay optimistic due to the fact that I'm a congenital optimist."

Biden besides characterized the talks underway betwixt White House liaisons and legislature aides arsenic "a negotiation," a notable prime of words aft months of insisting that helium would not "negotiate" implicit the indebtedness limit. The president and the apical 4 legislature leaders program to conscionable again astir the indebtedness ceiling Tuesday.

"I've learned a agelong clip ago, and you cognize arsenic good arsenic I do: It ne'er is bully to qualify a dialog successful the mediate of a negotiation," Biden said successful effect to a question astir the presumption of the talks.

Asked astir whether helium would see a Republican connection to stiffen enactment requirements for societal information nett programs, Biden did not disregard the thought retired of hand, arsenic respective high-profile Democrats person done successful caller weeks.

Instead, helium pointed to his ain Senate grounds of voting for payment enactment requirements successful the 1990s.

"I voted for tougher assistance programs, that's successful the instrumentality now, but for Medicaid it's a antithetic story," helium said. "And truthful I'm waiting to perceive what their nonstop connection is."

A Republican measure passed past period included stricter enactment requirements not lone for Medicaid, but for the Temporary Assistance to Needy Families (TANF) funds, arsenic good arsenic SNAP nutrient stamps. The information that Biden roped disconnected Medicaid, but not TANF and SNAP, offered a model into wherever Democrats mightiness beryllium consenting to springiness a little.

Biden besides said helium planned to question to Japan aboriginal this week to be the G-7, a travel helium had antecedently said helium could be virtually if indebtedness bounds talks required him to stay successful Washington.

Dow futures rose Monday greeting connected the hopes that a woody would beryllium reached to debar default and reassure planetary markets astir the information and stableness of the U.S. dollar.

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