President’s staff continues its planning.
Friday, May 12, had been set as the next time President Biden and top legislators would meet to try to hammer out a deal on increasing the debt ceiling. The meeting has been postponed.
“Staff will continue working and all the principals agreed to meet early next week,” a White House spokesperson said.
Another source said this was a positive development. “Meetings are progressing. Staff is continuing to meet, and it wasn’t the right moment to bring it back to principals.”
The federal government could potentially default on its debts as soon as June 1 if the debt limit is not increased.
As the Lord Leads, Pray with Us…
- For the president and his staff as they continue laying the groundwork for negotiations with Congress.
- For Speaker McCarthy, Senate Majority Leader Schumer, House Minority Leader Jeffries, and Senate Minority Leader McConnell as they and their staffs discuss solutions to the debt ceiling.
Sources: Newsmax, CNBC
