*REPUBLICAN DEBT-CEILING NEGOTIATORS WALK OUT OF MEETING, SAY WHITE HOUSE ‘UNREASONABLE’ 🇺🇸🇺🇸
-- House Speaker Kevin McCarthy’s top debt-ceiling negotiators abruptly left a closed-door meeting with White House representatives soon after it began Friday morning, throwing into doubt the status of talks to avoid a US default.
Stocks slumped on the news, which countered any lift they might otherwise have received from remarks from Federal Reserve Chair Jerome Powell. The Fed chief said at a Friday event that policymakers might not need to raise interest rates as high, thanks to tightening credit conditions.
Graves’ comments come a day after McCarthy said he could see a deal coming together with a House vote next week.
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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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US House hardliners could try to block debt-ceiling deal without 'robust' cutsPresident Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a debt-ceiling deal to avoid a catastrophic default, but they could be tripped up by last-minute opposition from the hardline House Freedom Caucus.
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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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