Introduction

John Pothore: Joe Biden has called Kevin McCarthy to talk about raising the debt limit. This is after weeks or months of Biden saying he would not talk to anybody about the debt limit, John says. The real catalyst for this meeting was Treasury Secretary Janet Yellen's announcement yesterday that by June 1st, it may be impossible for the federal government to pay its obligations unless the debt ceiling is increased,. We have no idea what the tune will be played next week on Wednesday at the White House; Matt Conetti and Christine Rosen offer their opinions.