Debt ceiling talks between Biden and congressional leaders intensify.

House Speaker Kevin McCarthy has accepted President Biden's invitation to meet next week to discuss the debt ceiling. The meeting will take place on May 9 at the White House and will mark Biden and McCarthy's first encounter since February. Treasury Secretary Janet Yellen issued a dire warning that the US government could default on its obligations as early as June 1, unless Congress acts to either raise or suspend the debt limit. Biden plans to stress to congressional leaders that they must take action to avoid a debt ceiling breach without conditions.