Debt ceiling talks stall in Congress, causing concern for US economy.

Lawmakers left the Capitol with no deal on how to avert a catastrophic debt default, but some see small signs of progress. A potential bipartisan deal would “take the budget negotiations and kind of blend it in with the raising of the debt ceiling." The Treasury Department says the U.S. will default on its debt for the first time as soon as June 1 unless Congress raises the borrowing limit. Democrats remain adamant about passing a clean debt ceiling, while Republicans demand spending cuts. The solution may be parallel negotiations that pair a debt limit increase with a budget agreement.