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Business News›News›International›US News›US: Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy says it’s time to 'pause' negotiations
US: Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy says it’s time to 'pause' negotiations
Debt limit talks came to an abrupt standstill Friday after Republican House Speaker Kevin McCarthy said it’s time to “pause” negotiations, and a White House official acknowledged there are “real differences” that are making talks difficult.McCarthy said resolution to the standoff is “easy,” if only President Joe Biden would agree to some spending cuts Republicans are demanding. It is unclear when negotiations would resume.
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