Senator Thune discuss negotiations happening now between the President & the Speaker of the House dealing with the debt crisis

WASHINGTON, D.C.(KELO)- Encouraging signs are coming from talks to resolve the nation’s debt crisis.

Senator John Thune says the Biden Administration is finally at the negotiating table but time is running short.


Until the last few days, the Biden Administration has refused to negotiate, saying it wants a clean bill to raise the debt ceiling.

Positions appear to be softening on both sides, and Senator John Thune says a deal will have to include some budget cuts in order to survive.

House Republicans say they need an agreement this weekend in order to have enough time to run anything through Congress.