G7 Summit: Biden Seeks Debt-Limit Talks, PM Modi Hug, and Australian PM Backs 'De-Risking' Trade with China.

President Biden is seeking to call House Speaker Kevin McCarthy after talks on raising the US debt limit hit an impasse. Republicans and the White House are battling over spending cuts, with GOP lawmakers demanding them as the price for raising the federal borrowing limit. Talks have stalled, and the clock is ticking after Treasury Secretary Janet Yellen said the US could lose the ability to pay all its bills by June 1. McCarthy accused the White House of backtracking in talks and said the impasse was unlikely to be resolved while the president was still overseas.