In another day of negotiations between Republicans and Democrats on raising the US debt ceiling, the sides have come to nothing. The negotiators left talks in Washington on Friday evening (local time), it is unclear when they will return to the table.
One of the negotiators on behalf of the Republicans, Patrick McHenry, indicated that neither side is confident that the goal of reaching an agreement this weekend will be achieved. Earlier in the day, Republicans even suspended talks, according to Republican House Speaker Kevin McCarthy due to “frustrations that this White House won’t recognize that they’re overspending,” he told Fox Business.
‘significant division’
President Joe Biden said through his spokesman from Japan that despite the “considerable division”, he is confident the parties can unite. Biden himself told the G7 summit in Hiroshima that he was “not worried at all.” “I’m still convinced we’ll get something decent.” These types of collisions are part of the negotiations, the president said.
Without a political deal, the US will run out of money around June 1st. Then the country borrowed the maximum amount allowed by Congress, after which this institution must raise the bar again. This is usually a chore in the United States, but tensions between Republicans and Democrats are making it increasingly difficult.
Source: BNR
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