White House Debt-Ceiling Meeting Postponed

President Biden, congressional leaders will sit down for meeting early next week instead

As Democrats and Republicans debate raising the debt ceiling, they both agree that a default would be disastrous for the economy. But how? WSJ explains why U.S. debt has become the center of the economy. Photo Illustration: Madeline Marshall

WASHINGTON—A highly anticipated meeting scheduled for Friday between President Biden and congressional leaders to chart a path forward on lifting the debt ceiling was postponed until next week, officials said.

The delay will give White House and congressional staff more time to make progress in their closed-door spending talks, the officials said, adding that Senate Minority Leader Mitch McConnell (R., Ky.) was unable to attend the Friday meeting because of a scheduling conflict.

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