[Biden and McCarthy plan to resume debt ceiling negotiations on the 16th Biden believes an agreement can be reached] US President Joe Biden, House Speaker McCarthy, and other congressional leaders plan to hold a meeting on May 16 to discuss budget negotiations to avoid a government default. Biden said on the 14th that he expected to meet with McCarthy on the 16th. A person familiar with the matter confirmed that the meeting was expected to take place, but cautioned that it had not yet been finalized and could change. Biden did not disclose the terms of the negotiations, but said he believed an agreement could be reached. (Bloomberg)