Kevin McCarthy to meet with Biden at White House for debt ceiling talks

to the meeting, including Senate Majority Leader Chuck Schumer , Senate Minority Leader Mitch McConnell and House Minority Leader Hakeem Jeffries .

Biden’s bipartisan invitation came just hours after Treasury Secretary Janet Yellen issued a dire warning that the US government could default on its obligations as early as June 1, unless Congress acts to either raise or suspend the debt limit. House Republicans, led by McCarthy, want discretionary spending cuts for non-defense programs hitched to the debt ceiling legislation.

Unless the US government raises the $31.4 trillion debt limit, it could default on its obligations as early as June 1.In the White House meeting next Tuesday, Biden plans to stress to congressional leaders that they must take action to avoid a debt ceiling breach without conditions,The goal of the meeting, according to the source, is to discuss “the urgency of preventing default.”

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.

Biden invites Kevin McCarthy to debt ceiling talks at White House as Treasury warns of defaultPresident Biden has called House Speaker Kevin McCarthy to discuss raising the nation’s borrowing limit as the Treasury Department indicates that the US could default on its debt earlier than…
Source: nypost - 🏆 91. / 67 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 »

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 »