- WASHINGTON: White House budget director Jack Lew told CNN on Sunday “there has been activity and progress” in talks to reach a deal to raise the US debt ceiling.
Lew said “quite a bit has been going on” since a meeting on Thursday at the White House with President Barack Obama and Republican and Democratic congressional leaders.
No formal meetings have been held since Thursday’s effort to hammer out a deal to cut the US budget deficit and raise the debt ceiling before an Aug. 2 deadline when the government risks defaulting on its obligations.