Live from NPR News in Washington, I'm Corva Coleman, a group of over 100 business leaders

sent an open letter to President Biden and congressional leaders yesterday.

They're warning of the ramifications of defaulting on the national debt.

NPR's Osme-Holod reports their letter comes as congressional leaders and the White House

have yet to strike a deal to raise the debt ceiling.

The letter warns of the potentially disastrous consequences that could result from not lifting

the debt ceiling.

The government could run out of money as soon as June 1st.

To date, many CEOs have not been publicly involved in the debate in Washington.

Catherine Wild helped arrange the letter.

She's with a leading business group in New York City.

I think there's been a real reticence to take a position that seemed at all partisan,

but it's gotten to a point where we're talking about, in a matter of weeks, the US potentially

being in a position to default.

The letter did not take a side between Republicans and Democrats, but instead emphasized that

the business position is to avoid default.

Osme-Holod and PR News.

President Biden heads to Japan later today to attend the G7 summit.

As NPR Scott Detrol reports, Biden has cut his trip in half in order to return to the

United States faster and continue debt ceiling negotiations.

Since the G7 summit had concluded, Biden had planned to head to Australia for a meeting

of the so-called QUOTN, the US-Japan Australian India, who are coordinating to counter China's

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