Biden, McCarthy to resume debt limit talks at White House

President Biden and House Speaker McCarthy will resume debt ceiling talks on Monday. After cutting short his foreign trip, the president will meet in person at the White House with McCarthy in search of a deal to avert a federal default. The two leaders spoke by phone Sunday afternoon as the president was returning home on Air Force One from Japan. The speaker described the call as “productive.” They face an upcoming deadline when the government could run out of cash to pay its bills. Treasury Secretary Janet Yellen says June 1st is a “hard deadline.”