Debt ceiling negotiations resume amidst looming default deadline.

Negotiations to raise the US debt ceiling and avoid a potential default resumed after a brief impasse. Republicans are demanding hefty spending cuts on Democratic priorities, while Democrats are calling for a clean raise without preconditions. Treasury Secretary Janet Yellen has warned that without action, the US government will be unable to pay its debts on or around 1 June. Some Democrats are urging President Biden to invoke the 14th amendment and raise the ceiling on his own, but the White House still believes a reasonable bipartisan solution is possible.