Biden will not travel to Australia and Papua New Guinea after the G7 summit. The U.S.
government is at risk of default if it does not raise the debt ceiling. The debt ceiling is due to be raised by the end of the year, but could be raised earlier if the debt crisis worsens. The White House says it is working on a plan to raise the ceiling, but no agreement has yet been reached. The House of Representatives is expected to vote on a new debt ceiling this week.