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After optimism, debt ceiling talks on 'pause,' McCarthy's top negotiator says

Posted on AllSides May 19th, 2023
From The Left
J. Scott Applewhite/AP, FILE

After optimistic talk from both House Speaker Kevin McCarthy and President Joe Biden earlier this week, Rep. Garrett Graves, who is leading debt ceiling talks for House Republicans, said Friday negotiations have hit a snag.

"We decided to press pause because it's just not productive," Graves said as he emerged from a Capitol Hill meeting with White House negotiators.

The development comes as time is quickly running out for lawmakers to find a debt ceiling compromise or risk default for the first time in history. Treasury Secretary Janet Yellen has warned the...

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