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President Joe Biden and House Speaker Kevin McCarthy will meet Monday afternoon with just 10 days to reach a debt ceiling deal or risk an unprecedented default. President Joe Biden and House Speaker Kevin McCarthy will meet Monday afternoon in the Oval Office to directly negotiate with just 10 days to reach a debt ceiling and spending deal or risk an unprecedented default . In the meantime, White House negotiators arrived back on Capitol Hill early Monday and met for nearly three hours with Republican mediators. Rep. Patrick McHenry, R-N.C., told ABC News there are currently no additional meetings on Capitol Hill scheduled for the day, but said he wanted talks this week to be productive. "I don't think there's any interest in us delaying these tough conversations," McHenry said, declining to discuss specifics of where the talks stand. "And so we want this to be productive. I want this to be a productive week." Time is running out for a compromise. Treasu...

He also told ABC News "we can still finish this by June 1st." In a closed-door meeting with House Republicans Tuesday morning, Speaker Kevin McCarthy told his conference he and the White House are "nowhere a deal" on the debt limit and spending , urging members to hold firm, sources told ABC News. "I need you all to hang with me on the debt limit," McCarthy told members in the room, according to sources. "We are nowhere near a deal yet." He spoke with nine days to go until the June 1 "X-date," when Treasury Secretary Janet Yellen has warned the government might risk default. On Monday, she stepped up that warning in a letter to congressional leaders, calling it "highly likely" the Treasury will run out of money in early June. Working against that deadline, after meeting with President Joe Biden at the White House Monday, McCarthy called the talks "productive" not "progress." On his way back into the Capitol...