If it's Tuesday, countdown to economic disaster. Washington grapples with a new warning from

the Treasury Department as the President invites congressional leaders to the White House and

stocks take a hit from new turmoil in the banking system. Plus, beefing up border security,

the Biden administration moves to deploy 1,500 members of the military to the southern

border with pandemic-era restrictions expiring and officials bracing for an even bigger migrant

surge. And the legal and political fight over transgender rights intensifies as Montana's

first and only openly transgender lawmaker Su's House Republicans after they barred her from the floor.

Welcome to Meet the Press. Now I'm Kristen Welker in Washington, where it's been just one

weeks since President Biden announced his reelection campaign. And already the White House now finds

itself barreling towards two critical deadlines on two issues that could wreak havoc on the country

and the president's political standing. The first is the countdown to a potentially disastrous

government default, which could plunge the economy into a severe recession. Two sources tell NBC

news House Speaker McCarthy accepted President Biden's invitation to the White House for a meeting

of congressional leaders next Tuesday. It comes as Treasury Secretary Janet Yellen is now warning

that a government default could happen as early as June 1st if Congress doesn't act.

Ahead of that meeting, all sides have dug in. Republicans are demanding spending cuts in exchange

for raising the debt limit. Democrats want a clean bill with no strings attached. And the White

House insists it won't negotiate. Party leadership doubling down on those demands today.

Our position remains the same. Both parties should pass a clean bill to avoid default together

before we hit the critical upcoming June 1st deadline. The president's position,

the Democrat's position of not negotiating is not sustainable and the other thing that's not

sustainable is our national debt. McCarthy is giving two choices, giving his hard right and how

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