McCarthy and Biden to Discuss Debt Ceiling in Upcoming Meeting.

House Speaker Kevin McCarthy and President Joe Biden have agreed to meet in person on Monday to work towards a deal on lifting the debt ceiling. Both sides are "still apart," but they have decided to get their negotiators back together. Republicans want to force major spending cuts that are opposed by Biden and dead on arrival in the Democratic-controlled Senate. Democrats are reluctant to accept a spending limit that’s lower than current levels. Treasury Secretary Janet Yellen said early June is a “hard deadline” for the federal government to raise the debt ceiling.