House Speaker Kevin McCarthy (R-Calif.) told his Republican conference in a closed-door meeting Tuesday morning that he and President Biden were “nowhere near a deal” on raising America’s debt limit and avoiding a first-ever default.

“I need you all to hang with me on the debt limit. … We are nowhere near a deal yet,” McCarthy, 58, told lawmakers, according to Punchbowl News.

“I told the president three things: No clean debt limit, no raising taxes, spend less money. … Remember where we were — they refused to negotiate,” the speaker also said, before praising Reps. Garret Graves (R-La.) and Patrick McHenry (R-NC) for their work in the talks.

Biden and McCarthy met Monday to discuss raising the nation’s borrowing limit above its current level of around $31.4 trillion, with Treasury Secretary Janet Yellen having warned for months of a potential default as soon as June 1.

Last night, McCarthy said he and the 80-year-old president had a “productive discussion” despite no deal being reached.

“We don’t have an agreement yet,” he told reporters outside the Oval Office, “but I did feel the discussion was productive in areas that we have differences of opinion.”

The pair have nine days to hash out proposals introduced by the GOP in their Limit, Save, Grow Act — including cutting non-defense discretionary spending back to fiscal year 2022 levels, clawing back unspent COVID relief funds and conditioning federal benefit programs on work requirements.

In a tweet Monday, Biden also called his meeting with McCarthy “productive.”

“We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement,” the president said.

 “While there are areas of disagreement, the Speaker and I, and his lead negotiators Chairman McHenry and Congressman Graves, and our staffs will continue to discuss the path forward,” he added. 

McCarthy has frequently hit Biden for appearing to want “a default more than he wants a deal.”

He reportedly showed a brief video montage during Tuesday’s meeting of all the times Democrats said there would be no negotiations on raising the debt limit.

McHenry, who as chairman of the House Financial Services Committee has played a key role in the negotiations, said Monday he was “worried about the impacts on the markets” and that the White House should not “play brinkmanship.”

The Limit, Save, Grow Act would let the federal government borrow another $1.5 trillion or raise the debt ceiling until March 31, 2024, whichever milestone is reached first.

It would also limit the growth of future expenditures to 1% annually over the next decade.

The Senate has yet to take up the legislation, or hold a vote on any debt ceiling bill of their own.