House Speaker Kevin McCarthy said debt-limit discussions Monday morning with White House negotiators were productive ahead of a planned meeting later in the day with President Joe Biden.
“We’re going to continue working. We’re not at a deal,” McCarthy told reporters at the Capitol Monday afternoon.
Biden and McCarthy are set to meet at 5:30 pm at the White House for face-to-face talks, with Treasury Secretary Janet Yellen warning the US Treasury may not be able to make all payments as soon as June 1.