Debt ceiling negotiations continue amidst political and economic uncertainty.

House Republicans are eyeing compromises with Democrats on permitting reform, work requirements for public assistance programs, spending caps, and rescinding unspent COVID-19 funds as the lowest-hanging fruits for a debt ceiling deal. The GOP's debt bill paired a $1.5 trillion debt ceiling increase with about $4.8 trillion in spending cuts and policy reforms, but much of it was a nonstarter for Democrats. The talks between the White House and Republicans have not been productive so far, with McCarthy accusing President Biden of not wanting a deal and just wanting to have a default.