After months of stalemate, President Joe Biden will sit down with the top four congressional leaders Tuesday to talk about how to raise the debt limit to avoid economic calamity next month when the government’s borrowing authority is expected to run dry. CQ Roll Call’s David Lerman, Peter Cohn and Aidan Quigley assess the chances for a bipartisan deal, how long it might take, and what the standoff means for fiscal 2024 appropriations.

Show Notes:

• Space agency’s GOP fans make their case to shield it from cuts
• Senate, for now, defers to Biden, McCarthy on debt talks
• New debt limit forecast crashes into Capitol Hill