Title: Will Talks to Raise the U.S. Debt Ceiling Succeed?

U.S. Deputy Treasury Secretary Wally Adeyemo stated to CNN on Sunday that negotiations between the White House and Congress to raise the government debt ceiling are "constructive," as both sides seek to reach an agreement to avoid the possibility of the United States defaulting on its debts for the first time in its history. Unlike most advanced countries, the United States has a borrowing limit that lawmakers must raise periodically because government spending exceeds its revenues.