Debt Limit Negotiations Paused; No Movement Toward a “Reasonable Bipartisan Solution”

Objectivity 4.6 | Credibility 4.8 | Relevance 4.8

On Friday House Speaker Kevin McCarthy said it’s time to “pause” negotiations on the debt limit; there are “real differences,” said a White House official.  McCarthy said, “We’ve got to get movement by the White House and we don’t have any movement yet. So, yeah, we’ve got to pause.” The White House official said further “talks will be difficult,” but added that President Biden’s team is committed to finding a “reasonable bipartisan solution.”  As the nation faces a looming deadline as soon as June 1 before defaulting on its debt, negotiators met for a third day hoping to settle on an agreement.  Republicans propose steep spending cuts but so far Biden has not agreed.  It’s unclear when talks will resume.