The US could breach the debt ceiling and run out of money to pay its debts as soon as June 1.
A White House official previously told Insider that Biden would stress that Congress "must take action to avoid default without conditions."
Additionally, Wall Street's response to the debt-ceiling crisis is different this time around.
Even so, he added, this debt-ceiling crisis "seems much more dangerous" than the ones from the Obama years.
Biden has options to avoid a debt-ceiling crisis that don't involve CongressTuesday's meeting between Biden and congressional leadership aims to break through the logjam.