Ahead of the 4 p.m. EDT Oval Office session, there were no signs that either side would immediately agree to any concessions that would head off a default as early as June 1.
The Democratic president is calling on lawmakers to raise the federal government's self-imposed borrowing limit. Republican House of Representatives Speaker Kevin McCarthy has said that his chamber will not approve any deal that does not cut spending to address a growing budget deficit. White House press secretary Karine Jean-Pierre told reporters on Monday that Biden plans to say at the meeting: "It's Congress' constitutional duty to act, to prevent default. The president is going to be very clear about that."debt ceiling"Pull back on some of the spending that you seem hell-bent to do and then we can negotiate," Republican Senator Bill Cassidy of Louisiana told CNN on Monday.
Biden would agree to a separate discussion on the budget but not tied to the debt ceiling, the White House said.
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