DEVELOPING: GOP negotiator says it’s time to ‘press pause’ on debt limit talks with White House
for House Speaker Kevin McCarthy said Friday it’s time to “press pause” on talks as negotiations with the White House came to an abrupt standstill at the Capitol.
“We’re in a tough spot,” said McHenry, the chairman of the House Financial Services Committee, as he left the meeting. 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.Negotiators met for a third day behind closed doors at the Capitol with hopes of settling on an agreement this weekend before possible House votes next week.
Biden who has been in Japan attending the Group of Seven summit had already planned to cut short the rest of his trip. He is expected to return to Washington later Sunday.
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