Navigating the Challenges of the Debt Ceiling Debate.

The White House and Republicans have "serious differences" on budget talks and debt ceiling increase, but remain optimistic about reaching a bipartisan agreement. Talks were paused on Friday afternoon as Republicans complained that the White House was being "unreasonable," but resumed Friday evening. Time is of the essence as the Treasury Department has warned the U.S. could default as early as June 1 if Congress does not act to raise the debt ceiling. Republicans seek to cap overall discretionary spending at fiscal year 2022 levels while allowing for 1 percent growth per year for 10 years, but the White House has been messaging hard against that.