HIROSHIMA, Japan, May 21 (Reuters) - U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt limit on Monday after a "productive" phone call as the president headed back to Washington, the top House Republican leader said on Sunday.
McCarthy, speaking to reporters following the call, said there were positive discussions on solving the crisis and that staff-level talks were set to resume later on Sunday.
"Much of what they've already proposed is simply, quite frankly, unacceptable," Biden said before heading back to Washington.
Kenny Holston/Pool via REUTERSA source familiar with the negotiations said Republicans had proposed an increase in defense spending, while cutting overall spending.
The source said the Biden administration had proposed keeping non-defense discretionary spending flat for the next year.