Debt-Ceiling Talks Put Pressure on Congress as Drama Lingers.

Negotiations over raising the debt ceiling are off to a late start, with disagreements on the scope of talks, a tight legislative calendar, and logistical hurdles complicating the process. The U.S. is facing a potentially economy-shaking default as soon as June, putting pressure on Congress to come to an agreement. The country relies heavily on debt for spending, and spending cuts may be necessary if the debt ceiling is not raised.