to discuss how to avert a debt limit breach, two sources familiar with the call confirmed to NBC News., according to a White House official and Capitol Hill sources familiar with the matter.that the U.S. could breach the debt ceiling by June 1 — earlier than expected — if Congress doesn’t act in time. The letter set a narrower timeline for Congress to avert a first U.S. default as Congress and the White House remain deadlocked over the issue.
In the meeting, Biden plans to “stress” to congressional leaders that they “must take action to avoid default without conditions,” saying the meeting was scheduled to discuss “the urgency of preventing default,” as well as how to begin negotiating a budget, a White House official told NBC News. “That is the appropriate place to debate and discuss our nation’s fiscal picture — not in a hostage-situation in which extreme MAGA Republicans try to impose their radical agenda on America,” they said in a joint statement Monday evening.
Schumer began the process Monday night of holding Senate votes on two measures, starting with a new Democratic plan to temporarily suspend the debt ceiling through Dec. 31, 2024.
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