Biden and McCarthy set to meet again Monday for debt ceiling talks

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House Speaker Kevin McCarthy and President Biden will meet in person Monday to continue discussions over the debt limit, as the U.S. quickly approaches the date at which it may no longer be able to pay its bills.

McCarthy told reporters Sunday morning that he had a "productive phone call" with Biden, who was returning to Washington from Japan where he attended the G-7 summit, as negotiations over a bipartisan deal to raise the debt limit faltered over the last few days.

McCarthy told reporters top negotiators from his team and the president's will return to meetings on Sunday evening in advance of an in-person meeting between the speaker and president on Monday. The White House confirmed the phone call between the two leaders and the plan for Monday's meeting.

"My discussion with the president, I think, was productive," McCarthy said. "Look, he's sitting on Air Force One, he had been sitting in meetings with other world leaders, and it's hard to try to get that update as we're going across there. I think we can solve some of these problems if he understands what we're looking at, but I've been very clear to him from the very beginning — we have to spend less money than we spent last year."

McCarthy stressed the two sides remain "apart" and that "nothing is agreed to here."

In recent days, the Biden administration and House Republicans have focused their public efforts on blaming the other side for the impasse on ways to prevent an unprecedent debt default.

Source- wpr