I'm hopeful we'll know by tonight whether we are going to be able to have a deal," Biden said"Things are looking good. The update buys much-needed time for negotiators to hammer out a deal to raise the debt limit and avoid a disastrous default. MORE: Debt ceiling drama hurting American families: 'We're being treated like numbers'Lawmakers left Washington for Memorial Day recess with no deal in hand. Debt Limit Letter to Congress Members 20230526 McCarthy by ABC News Politics on ScribdABC News' Lauren Peller contributed to this report. Biden 'optimistic' for debt ceiling deal after new date originally appeared on abcnews.go.com

Source: ABC News May 26, 2023 20:39 UTC