Steady Progress on Debt Ceiling Talks, White House Informs Biden in Japan

President Joe Biden arrives for a bilateral meeting with Fumio Kishida, Japan's prime minister, ahead of the Group of Seven leaders summit in Hiroshima, Japan, on May 18, 2023. Kiyoshi Ota/Pool/Getty Images

Debt ceiling talks are showing “steady progress,” according to the White House late on Thursday, amid a looming June 1 federal default deadline.

President Joe Biden is currently in Hiroshima, Japan, for the Group of Seven (G-7) Summit.