Republicans Pull Out of Debt Ceiling Talks and Both Sides Dig In, Shattering Earlier Hopes for a Compromise
The White House is reportedly refusing to negotiate any more spending cuts as hard-right GOP congressmen insist on steep cuts as a condition of raising the debt ceiling.
Speaker McCarthy’s debt ceiling negotiators abruptly withdrew from talks on Friday, saying the White House won’t discuss tying raising the debt ceiling to spending cuts, which Republicans are demanding. The impasse means the two sides are far apart, despite comments by President Biden and Mr. McCarthy earlier in the week that they thought a deal could be reached.
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