Speaker Kevin McCarthy (R-Calif.) said on Sunday that a call with President Biden about the debt limit and looming default earlier in the day was “productive” and that the pair will meet in-person on Monday.
“I believe it was a productive phone call,” McCarthy said.
The White House had arranged the call in an effort to reignite talks as Biden heads back to Washington from the Group of Seven (G7) summit in Japan. He cut his international trip short early to return to the U.S. for the talks.
Negotiations between Biden and House Republicans have stalled as the White House pushes for a clean debt limit increase and GOP lawmakers push for spending cuts. The Treasury has warned the U.S. could default as soon as June 1.
“Look, we’re 11 days out. We’ve got to be able to solve this problem,” McCarthy said on Sunday.