The 4 p.m. EDT meeting is not expected to produce anything close to a final agreement on raising the debt limit, but will be closely scrutinized by global investors, U.S. voters and Washington lawmakers.
White House spokesperson Karine Jean-Pierre said on Monday that the meeting will likely be Biden and the four legislative leaders, but that details may change. Biden will speak to reporters at the top of the meeting, and it's common for lawmakers to talk to reporters outside the Oval Office at the White House following high-profile gatherings.
The event will take place in a politically competitive region that saw Republicans make gains in 2020, a sign that the White House believes Republican cuts are a winning issue for Democrats.
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