Biden Caves to GOP Demand for Debt Ceiling Talks

WASHINGTON (Reuters)—U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June. Treasury Secretary Janet Yellen said in a letter to Congress that the agency will be unlikely to meet all U.S. government payment obligations "potentially as early as June 1" without action by Congress. The estimate raised the risk that the United States is headed for an unprecedented default that would shake the global economy,...