Debt limit talks resumed at the U.S. Capitol late Friday, and a White House official acknowledged there are 'real differences.'
Rep. Garrett Graves, who is leading debt ceiling talks for House Republicans, said Friday negotiations have hit a snag.After a day of stalled negotiations, House Speaker Kevin McCarthy said on Friday evening that negotiators will be "back in the room tonight" to continue working on a solution to the impending debt limit crisis.
A key sticking point in the negotiations is spending caps, two sources familiar with the talks told ABC News Senior Congressional Correspondent Rachel Scott. "Until people are willing to have reasonable conversations about how you can actually move forward and do the right thing, then we're not going to sit here and talk to ourselves," Graves said Friday.
"The President's team informed him that steady progress is being made. The President directed his team to continue pressing forward for a bipartisan agreement and made clear the need to protect essential programs for hardworking Americans and the economic progress of the past two years as negotiations head into advanced stages," the White House tweeted.
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Debt limit talks resume at Capitol as Republicans, White House face 'real differences'Debt limit talks resumed at the U.S. Capitol late Friday, a sudden turnaround after negotiations came to an abrupt standstill earlier in the day when Republican House Speaker Kevin McCarthy said it's time to “pause” negotiations, and a White House official acknowledged there are “real differences.' The official, who was granted anonymity to talk about the private discussions, confirmed late Friday the talks were back on. 'We’ll be back in the room tonight,” McCarthy said on Fox Business News.
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Debt limit talks resume at Capitol as Republicans, White House face 'real differences'Debt limit talks are back on at the Capitol, according to the White House. Negotiations suddenly resumed late Friday after having come to an abrupt standstill earlier in the day. Republican House Speaker Kevin McCarthy had said it was time to “pause” negotiations. A White House official acknowledged there are “real differences” that are making talks difficult. Wall Street markets were down Friday amid the developments. President Joe Biden’s administration is racing to strike a deal with Republicans as the nation careens toward a potentially catastrophic debt default if the nation fails to pay its bills. McCarthy says it's an “easy” problem to resolve by cutting government spending.
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House Republicans ‘Pause’ Debt Ceiling Talks With White HouseNegotiators for House Republicans walked out of debt limit talks with the White House on Friday, despite signaling optimism earlier in the week. See potential bias and similarities in coverage from Forbes, ABC and FoxNews: DebtCeiling Politics
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White House sees progress in debt limit talks; Biden directs team to get a bipartisan dealThe White House on Friday said 'steady progress' is being made toward lifting the debt limit and avoiding a default.
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Republicans walk out of debt ceiling talks, say White House isn't being 'reasonable'Financial markets dipped on news of the debt ceiling talks stalling, after a week of purported progress.
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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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