Yahoo: Biden And McCarthy 'Staved Off A Catastrophe'

There was at least a brief period of time when America was not sure if House Speaker Kevin McCarthy (R-CA) and President Joe Biden were going to be able to strike a debt deal before catastrophic economic effects were experienced.

With almost no time to spare at all, the two were able to come to an agreement.

Yahoo is reporting that it was the urging of Senate Minority Leader Mitch McConnell (R-KY) that may have persuaded the president to sit down with McCarthy and get things done.

Reports indicate that Biden was having trouble making progress on the debt talks because 1) he was totally unwilling to compromise, and 2) he was trying to please too many people at once.

Not only was Biden dealing with McCarthy, reports indicate that initial talks included Senate Majority Leader Chuck Schumer (D-NY), McConnell, and House Minority Leader Hakeem Jeffries (D-NY).

It wasn't until a call came from McConnell suggesting Joe "shrink the room" that led Biden to cut out Schumer, Jeffries, and McConnell himself from the talks.

By talking one-on-one, the two men were reportedly able to come to an agreement that never would have been reached previously.