Biden ‘confident’ of reaching deal with McCarthy to avoid US debt default

House speaker tells CNBC I think at the end of the day we do not have a debt default' as Biden says We're going to come together'

Joe Biden and the Republican speaker of the US House, Kevin McCarthy, said on Wednesday they thought a deal to avoid a US debt default was in reach.

Speaking at the White House, Biden said: I'm confident that we'll get the agreement on the budget, that America will not default.