President Joe Biden and House Speaker Kevin McCarthy are set to meet at the White House as Washington works to strike a budget compromise and raise the nation's borrowing limit in time to avert a potentially chaotic federal default.
Negotiators for the White House met for nearly three hours with McCarthy’s team at the Capitol ahead of the session between the Democratic president and
“The Democrats and the president refusing to even to negotiate, no household would run this way,” he said. “That is why we go from crisis to crisis.”The contours of an agreement appear within reach, and the negotiations have narrowed on a 2024 budget year cap that would be key to resolving the standoff.
“We know the deadline, we know the challenge,” said McHenry, who is also chairman of the House Financial Services Committee, as he entered the morning session.
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President Biden, House Speaker McCarthy to meet at White House over debt ceilingThe meeting Monday between the president and the new Republican speaker will be a race to prevent the looming debt crisis. There are 10 days until a potential default.
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Biden spoke with House Speaker McCarthy about debt limit during return flight from JapanMcCarthy calls phone call ‘productive’ and says he and the president will meet in person on Monday.
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