McCarthy to meet with Biden on debt ceiling | CNN Politics

Biden invited all four Congressional leaders to the meeting. Biden’s calls came after Treasury Secretary Janet Yellen notified lawmakers on Monday that the US could default on its debt by June 1. Biden has not met with McCarthy since February. The House passed a package to raise the debt ceiling by $1.5 trillion last week.

Following the bill’s passage in the House, Biden told reporters he would be “happy to meet with McCarthy, but not on whether or not the debt limit gets extended.” The White House has maintained that the president would only accept a clean proposal to raise the nation’s borrowing limit. McCarthy responded to Yellen’s comments Monday in a statement that said, “The clock is ticking.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scalise calls for Biden to 'get off the sidelines' in debt ceiling talks'President Biden is clearly trying to run out the clock and create a debt crisis. That's irresponsible,' House Majority Leader Steve Scalise said on ThisWeekABC, urging Biden to negotiate with Speaker McCarthy.
Source: ABC - 🏆 471. / 51 Read more »

Biden invites McCarthy to White House for debt talks as new default deadline looms June 1President Biden reversed course Monday and invited House Speaker Kevin McCarthy and other congressional leaders to the White House next week for talks, as the Treasury Department warned the U.S. could default on some of its bills as early as June 1.
Source: WashTimes - 🏆 235. / 63 Read more »