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Biden, congressional leaders to meet Tuesday for talks on raising the debt limit

By SEUNG MIN KIM and CHRIS MEGERIAN - May 15, 2023, 02:15 PM ET
Last Updated - Jun 21, 2023, 07:32 PM EDT
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ASSOCIATED PRESS

President Joe Biden says he will resume talks with congressional leaders at the White House on Tuesday as a standoff over the debt limit pushes the country closer to its legal borrowing limit with no agreement in sight

 PHILADELPHIA (AP)President Joe Biden said he will resume talks with congressional leaders at the White House on Tuesday as a standoff over the debt limit pushes the country closer to its legal borrowing limit with no agreement in sight. 

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Biden was returning to Washington later Monday and is scheduled to leave for the Group of Seven summit in Japan on Wednesday. National Security Council spokesman John Kirby said that so far, “we are still planning to leave as scheduled.” 

Biden on Sunday did not detail much progress in the talks, but said he remained hopeful that an agreement could be reached with Republicans to avoid what would be an unprecedented debt default, which could trigger a financial catastrophe. 

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