Biden and McCarthy to Discuss Debt Limit as a Possible Default Looms
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Biden and McCarthy to Discuss Debt Limit as a Possible Default Looms

The president will host the House speaker and other congressional leaders at the White House on Tuesday to discuss their impasse over the debt ceiling and spending cuts.
Debt-Ceiling Déjà Vu Worries Wall Street
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Debt-Ceiling Déjà Vu Worries Wall Street

The last crisis, in 2011, led to a credit downgrade that sank stocks. This time, Treasury Secretary Janet Yellen has warned of a “financial catastrophe.”