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now congress failure to reel in post-pandemic spending is forcing the central bank to tighten credit, choke spending and heighten risk of recession. in reality, this is not debate about spending, but who is going to do the spe spending. todd: alexandria hoff has more. alexandria: june 1 is the day the treasury secretary janet yellen has given for when it is debt limit must be resolved, if not, world implications would follow. today president biden and kevin mccarthy will meet after what was called a productive phone call last night. i just finished a phone call with the president, he s flying back on air force one. we re talking about his trip there and positive things that took place and spent time talking about the debt ceiling and where we are and i believe it was a productive phone call. we can solve some problems if he understands what we re looking at. we have to spend less money. alexandria: the president arrived back from washington. in japan, president biden

Is bidenJeanine pirroKevin mccarthyFox and friends firstAshley strohmierTodd piroDebt ceilingWill meetCarley shimkusNow congressCentral bankSpe spendingJanet yellenDebt limitAlexandria hoffJune 1