{"id":11999,"date":"2023-05-20T03:17:59","date_gmt":"2023-05-20T08:17:59","guid":{"rendered":"https:\/\/ustower.net\/?p=11999"},"modified":"2023-05-20T03:18:03","modified_gmt":"2023-05-20T08:18:03","slug":"debt-ceiling-talks-resume-afresh-as-us-default-deadline-creeps-closer","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=11999","title":{"rendered":"Debt ceiling talks resume afresh as US default deadline creeps closer"},"content":{"rendered":"\n<p>Negotiations for a deal to raise the US debt ceiling and thereby avoid a default with potentially catastrophic consequences for the world economy resumed Friday after a brief impasse.<\/p>\n\n\n\n<p>Kevin McCarthy, the House speaker, said that Republicans would continue the bipartisan talks with the White House, hours after negotiations had come to an abrupt stop on Friday.<\/p>\n\n\n\n<p>\u201cWe\u2019ll be back in the room tonight,\u201d McCarthy said in an interview on Fox Business. A White House official also confirmed the talks were resuming.<\/p>\n\n\n\n<p>Representatives for both Biden and McCarthy were seen entering a Capitol conference room shortly after the House speaker\u2019s comments.<\/p>\n\n\n\n<p>Earlier in the day, Garret Graves of Louisiana, the lead negotiator for House&nbsp;<a href=\"https:\/\/www.theguardian.com\/us-news\/republicans\">Republicans<\/a>&nbsp;in talks with the Biden White House, had told reporters at the Capitol: \u201cWe\u2019re not there.\u201d<\/p>\n\n\n\n<p>\u201cWe\u2019ve decided to press pause, because it\u2019s just not productive.\u201d<\/p>\n\n\n\n<p>The impasse had rattled financial markets with the deadline ticking closer to avoid default.<\/p>\n\n\n\n<p>The treasury secretary, Janet Yellen, has said that without action the US government will cease to be able to pay its debts on or around 1 June.<\/p>\n\n\n\n<p>Joe Biden is away at the G7 summit in Japan. White House officials were leading talks for Democrats.<\/p>\n\n\n\n<p>One told the Guardian: \u201cThere are real differences between the parties on budget issues and talks will be difficult. The president\u2019s team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.theguardian.com\/us-news\/2023\/may\/19\/debt-ceiling-talks-suspended-mccarthy-biden\">Theguardian<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Negotiations for a deal to raise the US debt ceiling and thereby avoid a default with potentially catastrophic consequences for the world economy resumed Friday after a brief impasse. Kevin McCarthy, the House speaker, said that Republicans would continue the bipartisan talks with the White House, hours after negotiations had come to an abrupt stop [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":12000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[7003,7065,1198],"class_list":["post-11999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-the-debt-ceiling","tag-the-world-economy","tag-america"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/11999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11999"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/11999\/revisions"}],"predecessor-version":[{"id":12001,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/11999\/revisions\/12001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/12000"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}