Debt limit negotiations ongoing amidst cautious optimism.

Negotiators are close to reaching a deal on raising the debt limit before the new June 5 deadline, which Treasury Secretary Janet Yellen says is the "x date" when the government will run out of cash to pay its debt obligations. Work requirements for low-income support programs remain a key sticking point, with Republicans refusing to drop their demands. Tentative compromises have been reached on spending caps, with the measure expected to raise the debt ceiling enough to avoid another fight until 2025. Both sides are feeling increasing pressure as the country approaches the "x date."