Biden's Overseas Trip Cut Short by Debt Ceiling Crisis.

President Biden arrived in Japan for the G-7 summit but canceled visits to Papua New Guinea and Australia to return to negotiations over the debt ceiling, which could lead to a potential default in early June. The White House expects the G-7 nations to discuss global issues, including their support for Ukraine. The Quad alliance of the US, Australia, Japan, and India aims to combat China's growing influence and threat in the Pacific region. If all sides fail to reach an agreement, the US could default on its debt, leading to a sharp economic downturn.