With just a month or so until the U.S. government defaults on its national debt, President Joe Biden has finally agreed to meet with House Majority Leader Kevin McCarthy. Although the California Republican has already succeeded in passing a bill through the House to raise the debt ceiling, Biden has repeatedly said he will not sign any debt ceiling increase that involves spending reform.

Recommended Stories

Government to spend more on interest than at any other time in history

‘Wake-Up Call’: Top credit agency downgrades U.S. rating

Fed’s favored inflation measure jumps (again), pressuring Biden to pass GOP debt ceiling bill