The Treasury Department has said the government could exhaust the ability to pay its bills as early as June 1.
, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight. so staff-level talks could continue before Biden and the four congressional leaders huddled for a second time. Administration and congressional officials said Sunday that a meeting has not been finalized, although Tuesday was the likeliest option as Biden returns to Washington on Monday and is scheduled to leave for the Group of 7 summit in Japan on Wednesday.
On Sunday, senior administration officials said the talks among staff had so far been productive after Biden and the leaders — House Speaker Kevin McCarthy, R-Calif.
An increase in the debt limit would not authorize new federal spending. It would only allow for borrowing to pay for what Congress has already approved.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden expects to meet lawmakers Tuesday for debt talks, says he is optimisticU.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation's debt limit and avoid a catastrophic default.
Read more »
Debt-ceiling talks between Biden, congressional leaders likely to resume TuesdayThe second round of debt-ceiling talks between the White House and congressional leaders is tentatively set for Tuesday, President Joe Biden said Sunday.
Read more »
Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limitPresident Joe Biden says he and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.
Read more »
Biden likely to resume debt limit talks on TuesdayThe nation continues to edge closer to its legal borrowing authority with no agreement in sight. The Treasury Department has said the government could exhaust the ability to pay its bills as early as June 1.
Read more »
US President Biden: I think the debt meeting will be on Tuesday“US President Joe Biden said he expects to meet with Congressional leaders Tuesday for talks on a plan to raise the nation's debt limit and avoid a ca
Read more »
Biden, congressional leaders likely to meet Tuesday after canceling meeting on FridayPresident Joe Biden and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.
Read more »