Debt Limit Negotiations Continue with Biden's Optimism

President Biden and congressional leaders will resume face-to-face talks on Tuesday to raise the debt limit and avoid default. The Treasury Department has warned that the United States could be unable to pay its bills by June 1 if it does not raise the debt limit, which caps how much money the country can borrow. Republicans have said they want to cut federal spending before lifting the ceiling, but Mr. Biden has maintained that negotiating over cuts must not be a condition for raising the limit and avoiding what could be a catastrophic default. Biden administration officials have said they will not accept any deal that rolls back the president’s signature legislative achievements.