![]() – Why a government default could be worse than a government shutdown.“There’s no question we have serious differences,” she said, without outlining any of them. His press secretary, Karine Jean-Pierre, earlier had acknowledged the difficulty of the talks. “I still believe we’ll be able to avoid a default and get something done,” he said. But the negotiating teams convened again in the evening only to quickly call it quits for the night.īiden, attending the Group of Seven summit in Japan, continued to express optimism that an agreement will be reached, saying that negotiating happens “in stages.” Negotiations came to an abrupt standstill earlier in the day when McCarthy said it’s time to “pause” talks. Republicans are demanding steep spending cuts the Democrats oppose. President Joe Biden’s administration is reaching for a deal with Republicans led by House Speaker Kevin McCarthy as the nation faces a deadline as soon as June 1 to raise the country’s borrowing limit, now at $31 trillion, to keep paying the nation’s bills. Capitol, a dizzying series of events in high-stakes negotiations to avoid a potentially catastrophic federal default. ![]() ![]() ![]() WASHINGTON (AP) - Debt limit talks between the White House and House Republicans stopped, started and stopped again Friday at the U.S. ![]()
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