McCarthy accepts invitation to debt ceiling meeting with Biden: report

House Speaker Kevin McCarthy reportedly accepted an invitation to meet with President Joe Biden next week to discuss raising the debt ceiling after Treasury Secretary Janet Yellen warned lawmakers that the United States could default on its debt within a month.

The California Republican congressman plans on meeting with the president for the first time since February, CNN reported Tuesday, citing a person familiar with the matter.

Biden reportedly also invited Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell and House Minority Leader Hakeem Jeffries to the meeting.

The House passed a Republican-led bill last week that would extend the debt limit by a year while limiting domestic spending. The White House said Biden would veto that bill if it reaches his desk and he would only accept a simple proposal to raise the U.S. borrowing limit.

The president said after the House bill passed that he would be "happy to meet with McCarthy, but not on whether or not the debt limit gets extended."

The meeting comes after Yellen said Congress must raise the debt ceiling by June 1 or risk defaulting on its debt after the nation hit its spending limit of $31.38 trillion in January.

Madeleine Hubbard is an international correspondent for Just the News. Follow her on Twitter or Instagram.