Debt limit divide comes to a head as Biden, McCarthy meet at White House
by Mychael Schnell - 05/08/23 6:00 AM ET
The political divide over raising the debt limit will come to a head this week when President Biden and Speaker Kevin McCarthy (R-Calif.) meet face-to-face at the White House.
The meeting — set for Tuesday — will mark the first time since Feb. 1 that Biden and McCarthy will speak at length about the debt ceiling and government spending. Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader Hakeem Jeffries (D-N.Y.) will also be in attendance.
The huddle comes one week after Treasury Secretary Janet Yellen announced that the U.S. could default on its debt as early as June 1 if the borrowing limit is not raised, upping the pressure on Congress and the White House to strike a deal and avoid economic catastrophe.
Both sides, however, are digging in their heels, increasing the stakes going into Tuesday’s meeting.
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https://thehill.com/homenews/house/3993077-debt-limit-divide-comes-to-a-head-as-biden-mccarthy-meet-at-white-house/
