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America has reached its statutory debt ceiling and Treasury chief Janet Yellen repeatedly has warned there needs to be a change by June 1 or the government could run out of options to pay its bills on time.
Republicans in the U.S. House already have adopted a plan that would raise that ceiling as required.
But it also would line up spending cuts for some parts of the Biden administration, and the president simply refuses to go along.
He did send representatives to negotiate with House Speaker Kevin McCarthy, after promising he never would negotiate.
But even those talks appear to have hit a speech bump.
The Washington Examiner reports that Rep. Garret Graves, R-La., McCarthy’s chief negotiator, walked out of the discussions Friday.
«Until people are willing to have reasonable conversations about how you can actually move forward and do the right thing, then we’re not going to sit here and talk to ourselves,» Graves told reporters, according to the report.
He said the talks have not been productive and negotiations are on pause.
The White House admitted, «There are real differences between the parties on budget issues and talks will be difficult.»
Rep. Patrick McHenry, R-N.
