By ZEKE MILLER, JOSH BOAK and STEPHEN GROVES (Associated Press)
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy will meet in person on Monday as the government races against a looming deadline to raise America’s debt limit before federal funds potentially run dry early next month.
The leaders spoke by phone Sunday as the president returned home on Air Force One after the Group of Seven summit in Japan. McCarthy, R-Calif., told reporters at the Capitol that the call was “productive” and that the on-again, off-again negotiations would resume later in the day.
Both sides have said progress was being made but that they remain far apart. Biden’s Treasury Department has said it could run out of cash as soon as June 1, and U.S. Treasury Secretary Janet Yellen…
The Associated Press
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