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Biden to Speak With McCarthy on Stalled Debt-Limit Talks

2023-05-21 16:26
President Joe Biden will hold a call with House Speaker Kevin McCarthy about the debt-ceiling and budget negotiations
Biden to Speak With McCarthy on Stalled Debt-Limit Talks

President Joe Biden will hold a call with House Speaker Kevin McCarthy about the debt-ceiling and budget negotiations from his flight back from Japan aboard Air Force One, according to a person familiar with the matter.

The call, which will take place Sunday morning Eastern time, comes as talks reached an impasse with time running out to avoid default. Treasury Secretary Janet Yellen has said the US could run out of cash to meet its obligations as soon as June 1.