<p>President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> and House Speaker <a href="https://www.dailywire.com/topic/kevin-mccarthy" target="_blank" rel="noopener">Kevin McCarthy</a> (R-CA) are expected to meet on Monday to get <a href="https://www.dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt ceiling</a> negotiations back on track.</p>
<p>McCarthy said the plan for another round of face-to-face talks between the leaders emerged from a &#8220;productive&#8221; conversation by phone as Biden flew back to the United States from Japan on Sunday.</p>
<p>“I think we can solve some of these problems if he understands what we’re looking at,” the speaker told reporters on Capitol Hill, <a href="https://apnews.com/article/debt-limit-default-biden-mccarthy-spending-cuts-a3103f25ac6772816330f82481388f17" target="_blank" rel="noopener">according to the Associated Press</a>. “But I’ve been very clear to him from the very beginning. We have to spend less money than we spent last year.&#8221;</p>
<p>The White House confirmed the pair spoke by phone on Sunday and made arrangements to revive negotiations that had hit a snag leading into the weekend.</p>
<p>&#8220;Their staffs will reconvene at 6 p.m. this evening to discuss remaining issues. The President and the Speaker will meet later tomorrow,&#8221; a White House official told reporters.</p>
<p>Time is running out to end the standoff between the White House and the GOP-led House, which passed a bill that would allow the limit to be lifted by $1.5 trillion in exchange for spending cuts and reforms. Congressional leaders met with Biden at the White House last week, underscoring progress made in creating a dialogue, but conversations were <a href="https://apnews.com/article/debt-limit-mccarthy-biden-default-negotiations-1b97de28d26b85da268cfd1c1e4a986a" target="_blank" rel="noopener">stop-and-go</a> heading the weekend.</p>
<p>&#8220;There’s a lot of things that they refuse to entertain, and they just said revenue is off the table,&#8221; Biden <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/05/21/remarks-by-president-biden-in-a-press-conference/" target="_blank" rel="noopener">said of GOP negotiators during a press conference</a> before leaving Japan. &#8220;Well, revenue is not off the table. And so, that’s what I — we continue to have a significant disagreement on, on the revenue side.&#8221;</p>
<p>While some Democrats in Congress have pushed Biden to <a href="https://twitter.com/ThisWeekABC/status/1660288118677811203" target="_blank" rel="noopener">consider a &#8220;Plan B,&#8221;</a> Republicans are focused on reaching an agreement with the White House.</p>
<p>Biden is &#8220;just making more excuses not to negotiate a responsible debt ceiling deal that will raise the debt ceiling, pay our bills, protect the good faith and credit of the United States, but also deal with the spending problem,&#8221; House Budget Committee Chairman Jodey Arrington (R-TX) <a href="https://twitter.com/ThisWeekABC/status/1660275107233710083" target="_blank" rel="noopener">told ABC News</a> on Sunday.</p>
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<p>The Treasury Department said it has been enacting “extraordinary measures” since January when the United States hit its statutory limit of roughly $31.4 trillion, and has warned of dire economic consequences if the country is unable to reach a deal to lift the debt ceiling.</p>
<p><a href="https://www.dailywire.com/news/yellen-says-low-odds-of-u-s-paying-all-bills-past-mid-june-without-debt-ceiling-deal" target="_blank" rel="noopener">During an appearance</a> Sunday on NBC, Treasury Secretary Janet Yellen warned the federal government would likely no longer be unable to meet all its financial obligations by mid-June.</p>
<p>&#8220;There&#8217;s always uncertainty about tax receipts and spending,&#8221; Yellen said. &#8220;And so it&#8217;s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low.&#8221;</p>

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U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
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Biden And McCarthy Set To Meet After ‘Productive’ Chat On Debt Ceiling