Once-unthinkable options for averting a U.S. debt default have invaded the mainstream debate, a day after Treasury Secretary Janet Yellen predicted a shorter countdown to catastrophe than previously thought.
Why it matters: President Biden is finally set to meet with House Speaker Kevin McCarthy (R-Calif.) next Tuesday, but there is so far zero indication that either side is prepared to move from their entrenched — and seemingly irreconcilable — negotiating positions.
