Welcome to Meet the Press Now. I'm Garrett Hake, in for Kristen Welker, and we begin with breaking news at the White House and on Capitol Hill.

This was the scene inside the Oval Office just moments ago as President Biden, Vice President Harris, and the big four congressional leaders began their latest round of talks, as the U.S. inches closer and closer to a potential default that could come

as soon as June 1st, unless the folks in that room can come to an agreement. So how serious

is the White House taking things? Well, we learned from a source just moments ago that the president

will cut his upcoming G7 trip short and return to the U.S. on Sunday. President Biden ignored, shouted questions about

the negotiation, but says we will hear from them once talks wrap up. We expect that to happen

soon, and we'll bring you any remarks as they happen live. Here's what we know about the state

of negotiations at this moment to avert an potentially economic calamity. Now, as is always the case in these kinds of high-stakes

talks, the devil is in the details. The White House has reportedly signaled an openness to

negotiate with Republicans on several issues, including caps on government spending, reforms to

help speed up some energy projects, and repurposing unspent COVID funds. But it's not nearly the size and the scope of the kind of cuts Republicans want.

We've got Speaker McCarthy leaving the White House now.

Let's hear what he has to say about these conversations.

Nobody should use default as a hostage.

Nobody should say, unless you do this, then we default.

Because the consequences of default would be devastating for ordinary Americans. We need to do everything we can to avoid default.

House Democrats have acted that way.

...to negotiate directly with my team, so I found that to be productive, personally.

But we've got a lot of work to do in a short amount of time.

Now, I wish we had been able to be in this place a hundred days ago. This is what we requested, but we are where we are,

so we will work hard to make sure to try to have this to come to fruition.

Well, the great thing about that question is we've already had taken the fault off the table

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