Welcome to the beat. I'm Ari Melburgh. We're reporting on news coming out of the White House as the president draws a line in the sand, telling House Republicans in public to just show him the money. Explain their budget.

Mr. President, what are you going to tell, what are you going to tell Speaker McCarthy? When he says he wants to negotiate, what are you coming?

Show me your budget. I'll show your mind.

Show me the budget.

Biden is referring to how House Republicans have repeatedly come up empty-handed when asked

a straightforward question given that they're now in charge of the House.

What do they actually want to cut?

And this is all against the context of a possible debt showdown looming. If Social Security and Medicare are off the table,

as you just said, where do Republicans want to cut spending? That's going to be part of the dance.

Well, the dance is here, and that's the context for the president's meeting late today.

This was his first meeting with the new speaker, Kevin McCarthy.

We don't have video from inside it because the White House kept it as a closed press first summit.

But Biden, we know, has sat at that resolute desk before.

He's had his share of high-stakes

meetings, and he watched as vice president when then-president Obama faced a similar effort to

ransom the economy. House Republicans are threatening a similar brinksmanship now. We don't know how

far they'll go, but they're also having internal fights with a narrow majority about what they

want to do and what they want to really cut.

House Republicans say they might refuse to confirm the spending that is already basically agreed to.

They've threatened to crash the global economy by not raising the roof on the debt.

You've heard about all of this before.

We've covered it.

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