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.
