Biden and the top four congressional leaders – House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell – held talks on the debt limit last week in the Oval Office. Biden also confirmed Sunday that he expects to depart Wednesday for Hiroshima, Japan, for the G7 summit. Biden said Sunday that he was waiting to hear Republicans’ exact proposals on work requirements for certain government aid programs. Adeyemo reiterated Sunday that the US “can’t” default on its debt but declined to provide details on areas of agreement. The only thing that can solve our problems now is for Congress to lift the debt limit.”This story and headline have been updated.

Source: CNN May 15, 2023 05:49 UTC