Talks are ongoing between President Biden and House Speaker McCarthy. Biden is calling for an increase in the upper limit on the government's debt.
McCarthy says that raising it will require a massive cut in fiscal spending. President Biden's schedule to attend the G7 Hiroshima Summit, which begins next week, remains unchanged at this time and will leave for Japan on March 17. He said he would stay in the U.S. depending on the status of the talks, and that the G8 Summit could be attended online, but Jean-Pierre said the president would leave.