[us President Joe Biden: fruitful meeting with Congressional leaders on the debt ceiling] May 10, US President Joe Biden said that he had held a fruitful meeting with congressional leaders on the debt ceiling; the United States will not default on its debt; it will meet with congressional leaders again on Friday; the US government can cut spending and the fiscal deficit. But Mr McCarthy's proposed spending cuts would hurt the American public; the option of letting the US default must be ruled out; the possibility of a short-term increase in the debt ceiling would not be ruled out; and it was "absolutely certain" that the US would not default.