Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal
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May 26, 2023
J. Scott Applewhite, Associated Press
Speaker of the House Kevin McCarthy, R-Calif., expresses his frustration with Democrats and President Joe Biden over the debt limit negotiations as he speaks to reporters in Statuary Hall at the Capitol in Washington, Wednesday, May 24, 2023.
WASHINGTON - House Republicans pushed debt ceiling talks to the brink Thursday, displaying risky political bravado in leaving town for the holiday weekend just days before the U.S. could face an unprecedented default hurling the global economy into chaos.
At the Capitol, Speaker Kevin McCarthy said ''every hour matters'' in talks with President Joe Biden's team as they try to work out a budget agreement. Republican are demanding spending cuts the Democrats oppose as their price for raising the legal debt limit.
''We've been taking to the White House all day,'' McCarthy, R-Calif., told reporters as he left the Capitol for the evening, with his top negotiators soon to follow. ''We're working hard to make it happen.''
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