Debt ceiling negotiations continue with uncertainty and frustration.

President Biden is set to meet with congressional leaders to discuss the debt ceiling as negotiations continue to raise the borrowing capacity before the U.S. Treasury runs out of cash to pay the nation's bills. While Biden remains optimistic, Republican Speaker Kevin McCarthy is pushing for a faster deal to avoid default. Possible areas of agreement include clawing back untapped COVID-19 money, future budget caps, energy development reforms, and bolstered work requirements for government aid recipients. The Treasury estimates the U.S. could run out of cash as early as June 1, and Congress has limited time to pass legislation.