President Joe Biden will convene a meeting with House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell to discuss how best to stave of a catastrophic default on America’s sovereign debt by raising the government’s statutory debt limit.
The White House said Mr Biden invited Mr McCarthy and Mr McConnell — the top Republicans in the House and Senate — to the meeting in separate phone calls to each GOP leader on Monday.
