McCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks Down
- Graves says bipartisan talks are on a ‘pause’ as he leaves
- Says doesn’t know whether negotiators will meet again Friday
Debt-limit negotiations hit an impasse Friday as House Speaker Kevin McCarthy blamed the White House for resisting spending cuts, casting doubt on efforts in Washington to avert a catastrophic default.
McCarthy spoke shortly after his hand-picked negotiators abruptly walked out of talks with White House officials, a reversal from the Republican leader’s optimistic view that an deal could be reached as soon as the weekend. The setback weighed on Wall Street where shares slid on the news.