Biden says debt deal 'very close' with default deadline now set at June 5

WASHINGTON (AP) — An upbeat President Joe Biden says a deal to resolve the government’s debt ceiling crisis seems “very close." He spoke late Friday, shortly after Treasury Secretary Janet Yellen pushed the deadline for a potentially catastrophic default back to June 5. That announcement seemed likely to drag negotiations between the White House and Republicans into another frustrating week. House Republicans led by Speaker Kevin McCarthy spent the day negotiating by phone and computers with the White House. One Republican negotiator, Rep. Patrick McHenry of North Carolina, called Biden’s comments “a hopeful sign” but also cautioned that there’s still “sticky points” impeding a final agreement.

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