I expect to be unable to pay all of our bills in early June and possibly as soon as June 1st.

I think that that's a hard deadline.

There will be hard choices to make if the debt ceiling isn't raised.

It's not an acceptable situation for us to be unable to pay our bills.

That's Treasury Secretary Janet Yellen,

reiterating her belief that the United States will go into default

if the debt ceiling is not raised in just nine days.

It comes as President Biden and House Speaker Kevin McCarthy

are set to meet again today in hopes of hashing out their growing differences on the budget.

Also ahead, we'll recap the president's trip to Japan for the G7 summit,

which included a meeting with the Ukrainian president.

Plus, we've got new reporting on turmoil inside the Trump legal team that's representing him in the classified documents investigation.

Thank you. Good morning and welcome to way too early on this Monday, May 22nd.

I'm Jonathan Lemire.

Thanks for starting your day and week with us.

We'll begin this morning with the debt ceiling. President Biden and House Speaker

Kevin McCarthy are expected to meet one-on-one today at the White House. This comes after a

weekend of turbulent talks in Washington. Negotiators abruptly ended meetings Friday evening

after both sides accused one another of pushing for a deal

that catered to the most extreme wings of their respective parties. Despite reported progress

regarding unspent COVID relief funds and some other items, negotiators hit a snag on overall

spending. However, after Treasury Secretary

...