Debt-Limit Talks Stall as Time Runs Short to Avert US Default
- GOP claims White House shows little urgency in negotiations
- Democrats say McCarthy is refusing to offer compromises
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Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default.
Negotiators were tentatively planning to return to the table amid the stalemate. House Speaker Kevin McCarthy said he had spoken to White House negotiators early Wednesday and that discussions would continue. Treasury Secretary Janet Yellen also told a Wall Street Journal forum Wednesday morning that the two sides are still trying to reach a deal.