Navigating the Biden-McCarthy Debt Meeting: Competing Interests and Potential Solutions.

House Speaker Kevin McCarthy faces a defining challenge as he tries to strike a deal with President Joe Biden to avert an unprecedented debt default and quell the hard-right conservatives ready to revolt against him. Failing to raise the debt limit in the next three weeks could be catastrophic for the U.S. economy, but neglecting to secure the spending cuts his right flank pushed for could spell doom for McCarthy's career. McCarthy will try to juggle those competing interests and jump-start negotiations with Biden that have been stalled since their first and only substantive, face-to-face meeting at the White House on Feb. 1.