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House and Senate leaders meet with Biden on debt limit

House Minority Leader Hakeem Jeffries (D-NY) (left) and Senate Majority Leader Chuck Schumer (D-NY exit the White House after meeting with President Biden, House, and Senate party leaders about the debt limit. House Republicans continue to refuse to raise the US debt limit without substantial budget cuts, demands they did not make of the Trump Administration. If Congress does not raise the debt limit, the US will run out of money to pay its debts as early as June 1. Most economists agree that a default would be disastrous for the US economy. (Photo by Allison Bailey/NurPhoto)

Photo ID	#10052014
Date Taken	16 May 2023
Location	N/A
Photographer	Allison Bailey/NurPhoto
Category	Politics
Copyright	© 2026 NurPhoto - Allison Bailey/NurPhoto

Biden Chuck Schumer Congressman DC Democcrat Democrat Democrats District of Columbia Hakeem Jeffries House Minority Leader House Speaker House of Representatives Joe Biden Kevin McCarthy Majority Leader Mitch McConnell NY New York POTUS President Rep. Representative Republican Republicans Senate Senate Majority Leader Senator Speaker of the House The White House US USA United States United States of America Washington White House budget budgetary budgeting ceiling cuts debt debt limit debts default democratic economics economy elected official finance leader leaders leadership limit majority meet meeting minority money pay politics president Hakeem Jeffries Chuck Schumer President Biden House Senate debt limit House Republicans Trump Administration US debt limit US economy