Treasury Secretary Janet Yellen said Sunday that 'hard choices' will need to be made about which bills will go unpaid if the debt ceiling is not raised.
President Joe Biden and House Speaker Kevin McCarthy, R-Calif., will meet in person at the White House Monday to resume negotiations around the debt ceiling.
Treasury Secretary Janet Yellen said Sunday that"hard choices" will need to be made about which bills will go unpaid if the debt ceiling is not raised. McCarthy told reporters that he had a"productive" call with Biden on Sunday, and that staff members for both parties will resume talks later that same day.U.S. President Joe Biden holds a press conference at the conclusion of the G7 Summit, in Hiroshima, Japan, May 21, 2023. Kevin McCarthy
, R-Calif., will meet in person at the White House on Monday to resume negotiations around the debt ceiling, NBC News reports. McCarthy told reporters that he had a"productive" call with Biden on Sunday, and that staff members for both parties will resume talks later that same day. A White House spokesperson confirmed to NBC News that staff would restart negotiations at 6 p.m. Sunday, and that Biden and McCarthy will meet on Monday. It is not yet known what time the meeting will begin, according to NBC News.
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