Negotiators 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
Negotiators for House Republicans walked out of debt limit talks with the White House on Friday, despite signaling optimism earlier in the week.Insisting that “we can’t be spending more money next year,” House Speaker Kevin McCarthy said negotiations were on “pause” because of a lack of “movement” by the White House.
News coverage often described the impasse as “abrupt,” since both sides had projected optimism as recently as Thursday. However, negotiations were complicated when the conservative House Freedom Caucus called for halting debt limit discussions unless the Senate passed House Republicans’ spending cuts bill. On the other side of the aisle, Progressive Democrats are reportedly concerned about concessions Biden may make to House Republicans.
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Debt limit talks in standstill as Republicans, White House face 'real differences'Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy said it’s 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. It's not clear when the talks will resume. 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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Debt Limit Talks in Standstill as Republicans, White House Face ‘Real Differences’The Biden administration is racing to strike a deal with Republicans as the nation careens toward a potentially catastrophic debt default if the government fails to increase the borrowing limit, now at $31 trillion, to keep paying the nation’s bills.
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Debt limit talks stall as Republicans, White House face 'real differences'Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy said it’s time to “pause' negotiations.
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Debt limit talks at standstill as Republicans and White House confront ‘real differences’Debt limit talks have come to an abrupt standstill after House Speaker Kevin McCarthy said it’s time to “pause” negotiations. Democrats staunchly oppose the steep reductions Republicans have put on the table in exchange for avoiding a debt default.
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Debt ceiling demands and red lines for the White House and RepublicansHere's what Republicans and Democrats are demanding regarding the debt ceiling, and the red lines they're drawing.
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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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