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Hours ahead of the White House summit, Treasury Secretary Yellen said the economic shock that would result from an unprecedented default "could lead to a recession." With time running short, President Joe Biden and congressional leaders will meet Tuesday afternoon to discuss the debt ceiling as Treasury Secretary Janet Yellen stressed a default could trigger a recession. Biden, House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell will meet at the White House at 3 p.m. "We don't have that much time left. We want to make sure we avoid a default but they've got to get serious and they haven't been serious about any of these negotiations," McCarthy told ABC News Senior Congressional Correspondent Rachel Scott on Tuesday. MORE: Congressional Budget Office warns of US debt default 'in first two weeks of June' President Joe Biden hosts debt limit talks w...

U.S. Capitol Police are investigating after a fire alarm was triggered in a congressional office building on Saturday before the House vote on a stopgap spending bill. U.S. Capitol Police are investigating after a fire alarm was trigger ed in a congressional office building before the House of Representatives voted on a stopgap spending bill as a government shutdown looms. Rep. Jamaal Bowman, D-N.Y., admitted to pulling the alarm in the Cannon House Office Building -- though told ABC News the incident was an " innocent mistake ." "I was rushing to make a vote," Bowman said. "I didn't know it would trigger the whole building," he added. Bowman said he thought the alarm -- which is red and says "FIRE" in capital letters -- would open the door he typically uses to get from his office building to the Capitol for votes. ABC News obtained a screenshot of a Capitol security video showing Rep. Jamaal Bowman, D-N.Y., pulling the fire alarm on Sep...