Congress and President Biden are negotiating on raising the debt ceiling, though their public schedules leave very few days to cut a deal.
Congress and the White House are running out of time to prevent a potentially disastrous default on the U.S. debt.
The “X date” — the day that the government will run out of money to pay its bills — could come as early as June 1, Treasury Secretary Janet L. Yellen warned lawmakers earlier this month.
Technically, that gave congressional leaders and Biden about a month to cut a deal on raising the government’s borrowing limit. But in reality, they may have exhausted their last working day to figure out a solution — without which the nation risks falling short on its financial obligations.
Biden and congressional leaders are only scheduled to be in Washington at the same time for less than a week during the month of May, according to a review of their public calendars.
President Biden met for negotiations with House Speaker Kevin McCarthy (R-Calif.), Senate Minority Leader Mitch McConnell (R-Ky.), Senate Majority Leader Charles E. Schumer (D-N.Y.) and House Minority Leader Hakeem Jeffries (D-N.
