US: McCarthy says debt talks 'productive' but no agreement

U.S. House of Representatives Speaker Kevin McCarthy said debt talks with President Joe Biden was "productive" but no agreement has reached.

Biden earlier said he was "optimistic" as he met with McCarthy for their first one-on-one talks in months on Monday, with just 10 days left to avert a possible debt default. They could not reach an agreement Monday on how to raise the U.S. government's $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the U.S. economy, but vowed to keep talking.