President Biden and House Speaker to meet in search of budget compromise

US President Joe Biden speaks during a news conference following the G7 summit (Kiyoshi Ota/Bloomberg/ AP

President Joe Biden and House Speaker Kevin McCarthy were due to meet on Monday as talks continued on reaching a US budget compromise ahead of a June 1 deadline.

Talks in Washington on the debt ceiling to avert a federal default finished on Sunday with the Democratic president talking to the Republican speaker as Mr Biden flew home on Sunday from the G7 summit in Japan.