House and Senate leaders meet with Biden on debt limit

House Speaker Kevin McCarthy (R-CA) (left) and Senate Minority Leader Mitch McConnell (R-KY) speak to the press after meeting with President Biden, House, and Senate party leaders about the debt limit. House Republicans continue to refuse to raise the US debt limit without substantial budget cuts, demands they did not make of the Trump Administration. If Congress does not raise the debt limit, the US will run out of money to pay its debts as early as June 1. Most economists agree that a default would be disastrous for the US economy. (Photo by Allison Bailey/NurPhoto)

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