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This is CBS Eye on the World. Here's John Batchler

The headlines in the Wall Street Journal, Biden, McCarthy, see progress but no deal on debt limit.

The subhead, the south, the house of representatives left for its memorial day weekend recess with no deal in place to raise the nation's debt ceiling.

As the White House and Republicans continue to wrangle over spending levels, wrangling going on.

I go to a CNN poll in the Washington Post most recently.

CNN, 60% of respondents say debt ceiling increase should come with spending cuts.

On the other hand, a Monmouth University poll, clean debt deal preferred by 2-1.

I stop there because everything's in a quandary here.

Memorial day weekend good for the house of representatives, but we do not have clarity about the debt ceiling and there are all kinds of doomed-day sayings on Wall Street and around the world.

For a default, I welcome Verneak to Reggie of the Mercatus Center, writing at creator's syndicate most recently about this.

Verneak a very good evening to you. The American people are confused.

They want a debt deal, but at the same time they want spending cuts.

As I understand, that is the dispute between the two parties.

Can this be resolved? Are we going to get to a limit and then make a deal or are we going to default? Good evening to you.

Good evening. I assume we're going to make a deal. They're going to make a deal.

I mean, this is, it seems to be the American way and I think people should get used to it because there's going to be more and more of this going forward.

These debt crisis are going to keep coming up and I think for a while they're going to be a result that the last minute, but there's a moment where at some point it may be, you know, it may not have such a happy ending.

Spending cuts. The resistance is in the White House. I understand because according to the Washington Post, spending cuts as identified by the Republican Party would damage or limit or in some way profoundly change.

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