Vice President Joe Biden gestures while speaking at the University of New Hampshire in Durham, N.H., on April 4, 2011. (Cheryl Senter/AP)

The meeting comes a week after a group of senators who were working on a similar set of issues, dubbed the Gang of Six, appeared to splinter with the departure of Sen. Tom Coburn (R-Okla.). He said he and his colleagues were not making enough progress.

The Biden talks are expected to center on a deal regarding an increase in the national debt ceiling. Republicans say they will support that only if it is accompanied by spending cuts. It’s not clear whether the group will try to write a long-term deficit reduction proposal, as the Gang of Six was considering.

This is the fourth meeting of the group, which President Obama called for in his deficit reduction speech last month. It also includes Sens. Max Baucus (D-Mont.), Daniel Inouye (D-Hawaii) and Jon Kyl (R-Ariz), House Majority Whip Eric Cantor (R-Va.) and Reps. James Clyburn (D-S.C.) and Chris Van Hollen (D-Md.).

In Europe

Will her Majesty get an iPad now? On day two of his trip, President Obama will have lunch and dinner with Queen Elizabeth II at Buckingham Palace, as well as meeting with Ed Miliband, the leader of Britain’s Labour Party.

When Obama went to Britain in 2009, he famously presented the queen with an iPod as a gift.