US debt ceiling talks: It is possible to get a deal by the end of the week

Reuters reported that the Democratic President Joe Biden and top congressional Republican Kevin McCarthy's U.S. debt ceiling negotiations ended on Tuesday after less than an hour, as the looming fear of an unprecedented American debt default prompted Biden to cut short an upcoming Asia trip.

Reuters reported that the meeting ended on an upbeat and unexpected note as McCarthy, coming out of the meeting with Biden and other congressional leaders, said, "It is possible to get a deal by the end of the week."

US Senate majority leader Schumer's comments

Debt meeting was good, productive.
    
We all agreed default is a horrible option.
    
Hopefully we can come to an agreement.
    
Everyone in the room understood what a disaster default would be.
    
Everyone agreed we need to be bipartisan.
    
Bipartisan negotiations will continue, with a few added players.