The debt ceiling fight between President Biden and House Republicans is getting closer and closer to the 11th hour as both sides make scant progress toward a compromise. Marketplace’s Nova Safo explains what’s on tap today for the latest round of negotiations, and why the talks are unlikely to bear any fruit. Plus, airlines are bracing for a potentially record-setting travel season this summer. And, the BBC’s Samira Hussain looks at the growing prevalence of “nearshoring” as tensions between the U.S. and China damage trade relations. 

The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.

Reining in our debt amid the debt ceiling battle would require big — and painful — changes to government spending and taxation.

The phrase “debt ceiling” brings some people right back to 2011, when the U.S. also went down to the wire.

The budget is a policy document, but this one’s also a campaign document.

It’s like comparing apples and oranges, professor Golnaz Motie says, because the government has many more tools and huge immediate obligations.

The current debt ceiling fight reflects old concerns about government debt, says economist Michael Boskin.

There are public holders and government agencies, which all comes into play in the congressional debt ceiling battle.

The U.S. government hit its debt ceiling Thursday and must raise the debt limit to avoid defaulting. How did we get here?

Basically, Treasury will have to move money around so it can keep paying the country’s most important bills. At least for a little while longer.