US EditionDebt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist
- Debt ceiling negotiations between Republicans led by House Speaker Kevin McCarthy and President Joe Biden and other Democrats are deadlocked, with Republicans seeking to roll back federal government spending while Democrats do not.
- Failure to raise the debt ceiling, now at $31 trillion, would risk a potentially chaotic federal default, almost certain to inflict economic turmoil at home and abroad.
- Negotiators are focused on finding agreement on a 2024 budget year limit, but significant gaps remain, with Republicans insisting on lower spending levels than Democrats are proposing.
62 Articles
62 Articles
Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist
Debt ceiling negotiations are locked on a classic problem that has vexed, divided and disrupted Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not.Time is short to strike a deal before a deadline as soon as June 1, when the Treasury says the government risks running out of cash to pay its bills. Negotiators are expected to convene …
Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist
Debt ceiling negotiations are locked on a classic problem that has vexed, divided and disrupted Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not.Time is short to strike a deal before a deadline as soon as June 1, when the Treasury says the government risks running out of cash to pay its bills. Negotiators are expected to convene …
Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist
WASHINGTON (AP) — Debt ceiling negotiations are locked on a classic problem that has vexed, divided and disrupted Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not. Time is short to strike a deal before a deadline as soon as June 1, when the Treasury says the government risks running out of cash to pay its bills. Negotiators are e…
Debt ceiling talks stuck on classic problem: GOP demands spending cuts, Dems resist
WASHINGTON — Debt ceiling negotiations are locked on a classic problem that has vexed, divided and disrupted Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats…
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