Debt ceiling negotiations between Biden and McCarthy reach stalemate.

President Biden and House Minority Leader McCarthy have yet to find a clear path forward on the debt ceiling and budget negotiations, as Congress faces a looming deadline to raise the debt limit and pass a budget. The two leaders have had discussions but have not yet reached an agreement on how to proceed, with Democrats pushing for a larger spending package and Republicans calling for a more targeted approach. The clock is ticking as the government's ability to pay its bills and avoid a potential default on its debt is at stake.