Biden, McCarthy to meet on debt ceiling, time to 'get moving' to resolve standoff
President Biden and House speaker Kevin McCarthy will meet again today in another bid to resolve a standoff over the debt ceiling. It's a pivotal moment. Start moving. Treasury chief Janet Yellen says the U.S. could start running out of cash to pay its bills as soon as June 1st, a default that would hurt Americans and the global economy. McCarthy says he's hopeful for a deal after negotiators from both sides meant for it nearly three hours today. He's still pushing for the nation to cut its spending next year and the talks have narrowed on a 2024 budget year cap Sagar Meghani at The White House.