• House Speaker Kevin McCarthy said Sunday that he and President Joe Biden will meet in person Monday to discuss raising the nation’s debt limit, amid slow-moving negotiations.
• The announcement also came as Treasury Secretary Janet Yellen warns the U.S. will default on debt if a deal is not reach by early next month.
• McCarthy and Biden spoke by phone as the president was flying back from a trip to Japan for a G7 summit and which he suggest to world leaders the GOP is making so un-negotiable proposals in the deal.
• McCarthy said the call was “productive.”

Tagged: Capitol Hill