Debt ceiling negotiations cause concern for Americans and Wall Street.

Democratic members of "The Squad," including Rep. Alexandria Ocasio-Cortez and Rep. Pramila Jayapal, have warned President Biden not to negotiate with Republicans on the debt ceiling, as it could lead to a loss of progressive votes in the next election. They urged the president to stay firm on their priorities, including clean energy permitting reform and welfare work requirements. Some progressives hope Biden could use the 14th Amendment to force a clean debt ceiling increase without spending cuts. President Biden has said he is considering invoking the constitutional provision.