worst alternative. a default could happen as soon as june 1st. cnn s jeremy diamond picks up this story. president biden on tuesday emerged from negotiations with congressional leaders saying discussions were productive. and they are making progress towards a deal. could avoid the moving towards default. of course there has been progress in negotiations. held mostly at the staff level in the days leading up to the meeting. talk about a potential spending cap. and other areas of potential agreement between democrats and republicans. but make no mistake, there are still huge gaps between the two sides and some major sticking points. including for example the notion of work requirements for some of these safety net programs. a disagreement between the two sides on that. and amid some of this progress, but also the major sticking points that remain, president biden canceling the second portion of his foreign trip. he is still scheduled to go to
on the notion of work requirements for some of the safety net programs, a disagreement between the two sides on that. and amid some of this progress, but also the major sticking points that remain, president biden canceling the second portion of his foreign trip. he is still scheduled to go to japan on wednesday, but he is canceling the second portion of that trip to australia and papua new guinea. here is the president. i m cutting my trip short. i m postponing the australia portion of the trip and my stop in papua new guinea in order to be back for the final negotiations with congressional leaders there was an overwhelming consensus i think at today s meeting of the congressional leaders that default ogg tonight debt is simply not an option. now the president has appointed two senior level staffers to now lead these negotiations with the speaker of the house. they are the president s counselor steve richetti and shalonda young. those two senior advisers will join the white house
meanwhile the u.s. president is confidence confident negotiations will lprogress. jeremy diamond reports. reporter: president biden emerged from the negotiations saying that the discussions were productive and that they are making progress towards a deal that could avoid the u.s. potentially heading towards defaults. of course there has been some progress in these negotiations that have been held mostly at the staff level in the days leading up to the meeting. talk about a potential spending cap and other areas of potential agreement between democrats and republicans. but make no mistake, there are still huge gaps between the two sides and some major sticking points including for example on the notion of work requirements for some of the safety net programs. disagreement between the two sides on that. and amid some of this progress but also the major sticking points that remain, president biden canceling the second portion of his foreign trip. he is still schedule d to go to japan
but also the major sticking points that remain, president biden canceling the sebcond portion of his foreign trip. he will go to japan but lance l canceling the trip to australia. i m postponing the australia portion and my stop in papua new guinea in order to be back for the final negotiations. there was an overwhelming consensus that defaultsing is not an option. reporter: the president has appointed two senior level staffers to lead the negotiations. they are the president s consular and also director of the office of management and budget. those two will join the legislative affairs director who has been leading the staff level negotiations. but it signals that we re
where our focus is to always support the people who live and work there. because you call these communities home, and we do too. pnc bank. here is today s fast forward look ahead. president biden is heading to japan. the white house is shortening his asia pacific trip to focus on debt ceiling negotiations with congressional leaders. arguments begin today before a conservative federal appeals court over a widely used abortion pill. the biden administration is fighting to reverse the decision to ban the medication. greg becker set to testify again on capitol hill today. he apologized for the silicon valley bank collapse. and family is a big part of italian culture, but lately there is an unexpected problem.