Debt ceiling negotiations delayed as political tensions rise.

The debt ceiling meeting between President Joe Biden and top congressional leaders has been postponed until early next week. The delay is seen as a positive development, as staff members continue to meet daily to try to reach a compromise. Lifting the debt ceiling is necessary for the government to cover spending commitments already approved by Congress and the president and prevent default. House Republicans have said they will not lift the limit if Biden and lawmakers do not agree to future spending cuts. The Treasury Department expects to be able to avoid a first-ever default at least until early June.