BREAKING: Speaker McCarthy's lead negotiator says debt ceiling negotiations are on 'pause' and calls the White House “unreasonable.”
Despite the snag, a White House spokesperson insisted Friday a deal was still "possible."
The Louisiana Republican touted the Save, Limit, Grow Act that the House narrowly passed last month, which he said "has great savings in it. and it's responsible and puts us on a path to bend the curve." Speaker of the House Kevin McCarthy is joined by Republicans from the Senate and the House as he leads an event on the debt limit negotiations, at the Capitol in Washington, May 17, 2023.The apparent breakdown comes after the White House late Thursday night touted "steady progress" following a phone call between President Biden, Office of Management and Budget Director Shalanda Young and counselor to the president Steve Ricchetti.
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GOP negotiator says it’s time to ‘press pause’ on debt limit talks with White HousePresident Joe Biden’s administration is racing to strike a deal with Republicans led by McCarthy as the nation careens toward a potentially catastrophic debt default if the government fails to increase the borrowing limit to keep paying the nation’s bills.
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Democrats plot 'Plan B' amid fear White House will concede too much on debt limitThere is growing fear among Democrats that the White House could cut a deal with House Speaker Kevin McCarthy (R-CA) that would undercut their key priorities.
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Debt ceiling negotiators rushing for weekend deal, but much work remainsNegotiators from the White House met over the debt limit with House Speaker Kevin McCarthy’s emissaries at the Capitol.
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