Debt limit talks start, stop as Republicans, White House face 'serious differences'

Debt limit talks between the White House and House Republicans have stopped and started and stopped again at the Capitol. The dizzying series of events Friday came amid high-stakes negotiations to avoid a potentially catastrophic default. President Joe Biden remains “optimistic" a deal can be reached, the White House press secretary says while acknowledging there are "serious differences.” Biden and Republicans are racing to strike a deal as the nation careens toward a potentially catastrophic debt default if the nation fails to pay its bills. A top Biden adviser says the White House remains hopeful. Talks are likely to resume over the weekend.