Biden and McCarthy hold crucial debt ceiling talks.

President Biden is set to meet with House Speaker Kevin McCarthy to discuss a path forward to avert a debt limit breach, with only days left until the Treasury Department could be unable to pay the nation's bills. McCarthy is insisting on an agreement to "spend less" than current levels in a deal, although he was mum when asked if the total amount would be somewhere in between this year and fiscal 2022 levels. One of the biggest questions surrounding the high-stakes meeting is whether Biden and McCarthy can reach a deal that has the votes to pass the Republican-led House and Democratic-controlled Senate in a short period of time.