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President Joe Biden speaks about the debt limit talks in the Roosevelt Room of the White House, Wednesday, May 17, 2023, in Washington. (Evan Vucci/AP)

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An optimistic President Joe Biden declared Wednesday he is confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.

By SEUNG MIN KIM and LISA MASCARO Associated Press May 17, 2023