Republicans ‘press pause’ on personal debt ceiling talks, say White House is just not getting ‘reasonable’

Republicans ‘press pause’ on personal debt ceiling talks, say White House is just not getting ‘reasonable’


A barrier to stop motor vehicles stands in entrance of the US Capitol in Washington, DC, on Could 11, 2023.

Jim Watson | AFP | Getty Photos

WASHINGTON — Higher-stakes negotiations around raising the debit limit abruptly came to a halt Friday on Capitol Hill, right after Republican negotiators walked out of the area and blamed the White Household for keeping up the talks.

 “Right until folks are prepared to have acceptable discussions about how you can actually transfer forward and do the appropriate thing, then we’re not gonna sit listed here and communicate to ourselves,” Rep. Garret Graves, R-La., instructed reporters.

“We resolved to press pause because it is really just not productive,” he added. Graves explained he did not know if talks would resume this weekend.

Economic markets dipped on the news, which arrived just after a constructive week of talks that signaled a deal was shut.

This is a establishing tale, you should look at back for updates.

CNBC Politics

Study a lot more of CNBC’s politics protection:



Supply

Trump to meet with New York Mayor-elect Zohran Mamdani at White House on Friday
Politics

Trump to meet with New York Mayor-elect Zohran Mamdani at White House on Friday

New York City mayoral candidate Zohran Mamdani reacts during a “New York is Not For Sale” rally at Forest Hills Stadium, in the Queens borough of New York City, U.S., October 26, 2025. Eduardo Munoz | Reuters President Donald Trump said on Wednesday night that he will meet with New York City Mayor-elect Zohran Mamdani […]

Read More
House Democrat Cherfilus-McCormick charged with stealing M in Covid aid funds
Politics

House Democrat Cherfilus-McCormick charged with stealing $5M in Covid aid funds

Congresswoman Sheila Cherfilus-McCormick, Fla.-20th, hosts a news conference regarding the ongoing crisis in Haiti on March 11, 2024, in Fort Lauderdale, Florida. South Florida Sun-sentinel | Tribune News Service | Getty Images A federal grand jury charged U.S. Rep. Sheila Cherfilus-McCormick, D-Fla., with stealing $5 million in Covid-19 disaster funds — a chunk of which […]

Read More
Trump says he’d love to fire Powell, urges Bessent to ‘work on’ him to lower rates
Politics

Trump says he’d love to fire Powell, urges Bessent to ‘work on’ him to lower rates

President Donald Trump on Wednesday said he would love to fire Federal Reserve Chair Jerome Powell, but suggested that Treasury Secretary Scott Bessent is holding him back. “[I’ll] be honest, I’d love to fire his ass,” Trump said of Powell at the U.S. Saudi Investment Forum in Washington, D.C. Trump urged Bessent to “work on” […]

Read More