Washington Watch
Biden invites top lawmakers to discuss debt limit at White House on May 9, after Yellen warns U.S. could default on debt as soon as June 1
House Speaker Kevin McCarthy and his fellow Republicans have been demanding spending cuts in exchange for raising the ceiling for federal borrowing, while President Joe Biden and his fellow Democrats have said the lift should be made without conditions.
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A divided Washington is making a little progress toward raising the debt ceiling and avoiding a U.S. default, but the endgame still isn’t clear.
Here’s what looks likely to come next, as a White House meeting among key players is planned for May 9 — and June 1 looms as a possible deadline.
Biden aims for May 9 talks after Yellen’s warning
The…
