We are just days away from a potential federal default, and Washington
this week is going to be consumed with the latest twists and turns on
whether Congress will act to raise the debt limit in time to prevent a
whole parade of horribles – from a tanking stock market to skyrocketing
borrowing costs to mass unemployment. Over the weekend bipartisan
negotiations went from on again to off again to on again, and today’s
main event is a White House meeting between President Joe Biden and
House Speaker Kevin McCarthy. Playbook editor Mike DeBonis and author
Rachael Bade break it down, along with the rest of the news you need to
know today.