Debt limit negotiations cause anxiety and clash over spending cuts.

Negotiations over raising the US debt limit are ongoing, but major differences remain between White House and House GOP negotiators, particularly on spending cuts and work requirements for social safety net programs. The debt ceiling would be raised for two years while capping federal spending, except for defense and veterans spending, under a potential agreement being eyed by negotiators. Treasury Secretary Janet Yellen has warned Congress that it has little time left to address the debt ceiling before the nation defaults on its obligations, and the uncertainty of the deadline makes it harder to know exactly how much time Congress has to act.