Debt limit negotiations remain uncertain amidst political tensions.

President Biden is optimistic about reaching a deal with Republicans to raise or suspend the debt limit in time to avoid economic fallout from a potential US debt default. The president and the top four congressional leaders plan to meet again about the debt ceiling on Tuesday. However, House Speaker Kevin McCarthy says the White House isn't being serious and that both leaders and staff would need to reach at least a short-term debt limit deal by this weekend in order to move a bill through Congress before a potential default date that could come as early as June 1.