Negotiations between the White House and House Speaker Kevin McCarthy to raise the debt ceiling have stalled, with Rep. Garret Graves, R-La, accusing the Biden administration of being "unreasonable." Talks have been paused due to lack of progress, and both sides are under pressure to reach a deal before the June 1 deadline to avoid a potentially catastrophic default on U.S. debt. It is unclear at this time what the next steps will be in the negotiations.
