Debt ceiling talks: Biden and congressional leaders to meet, 14th Amendment option debated.

1 min read
Source: The Associated Press
Debt ceiling talks: Biden and congressional leaders to meet, 14th Amendment option debated.
Photo: The Associated Press
TL;DR Summary

President Joe Biden and congressional leaders are expected to resume talks on Tuesday at the White House over the debt limit, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight. Biden remains optimistic that an agreement could be reached with Republicans to avoid what would be an unprecedented debt default, which could trigger a financial catastrophe. The Treasury Department has said the government could exhaust the ability to pay its bills as early as June 1.

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