President Joe Biden on Tuesday said he had a “productive meeting with the congressional leadership about the path forward to make sure America does not default,” as he assessed how a much-anticipated meeting on the debt ceiling went. Biden also said he’s not ruling anything out, when asked about a short-term increase for the federal borrowing limit to provide his administration and Congress with more time to come up with a long-term solution. Biden suggested he didn’t see the 14th Amendment as one way out of the current stalemate, but he said he was thinking about taking a look at that “months down the road.” In addition, the president said he would skip his trip to a G-7 summit in Japan if necessary.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.