Negotiators are set to return to the Capitol on Saturday morning to continue talks over the debt ceiling, with officials indicating they are close to finalizing a deal just over a week before the country is expected to default on its loans.
Negotiators left the Capitol late Friday night without a final agreement, but President Joe Biden expressed confidence that lawmakers were “very close” to a deal even as the White House continues to wrestle with House Republicans over certain provisions. Rep. Garret Graves , one of House Speaker Kevin McCarthy’s top negotiators, agreed that they were close to a deal but emphasized there are still outstanding issues that remain before legislation can be drafted.
Rep. Patrick McHenry , a top negotiator for McCarthy, told reporters on Saturday morning that officials are still working through “a narrow set” of final issues that “has to be dealt with,” noting it’s unclear when a final deal could be made. “I think this clarifies that our timeline is very tight,” McHenry said. “The updated X-Date is a strong indication that June 5 is the day.”Despite the “great progress” touted by McCarthy this week, there remain a few sticking points that have prevented negotiators from shaking hands on a final deal.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Debt ceiling negotiators close to a deal, with IRS funding in the spotlightThe White House and congressional negotiators were closing in on a compromise agreement on Friday to raise the debt ceiling for two years.
Read more »
Debt limit negotiators under pressure to reach deal as risk of default grows | CNN PoliticsThere are signs that negotiations over raising the nation’s debt limit are gaining momentum, but major differences remain and it’s unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
Read more »
Debt ceiling talks enter crunch time as negotiators get closer to a dealPresident Joe Biden sounded a cautiously optimistic note that debt ceiling talks would yield a deal.
Read more »
Negotiators have 'made progress' but no debt limit deal as deadline nears: McCarthyWith potential default just six days away, House Speaker Kevin McCarthy arrived at the Capitol Friday telling reporters he remained optimistic a deal could be reached.
Read more »
Debt Ceiling Negotiators Make Progress on Spending, But Still Have ‘Major Issues'The White House and congressional negotiators were closing in on a compromise agreement on Friday to raise the debt ceiling for two years, with just six days to go before the nation faces a grave threat of debt default.
Read more »
Yellen sets new debt ceiling 'X-date,' giving negotiators more breathing roomTreasury Secretary Janet Yellen has shifted the date the country could default to June 5, giving Speaker Kevin McCarthy (R-CA) and the White House a few extra days of breathing room as the two inch closer to a deal to raise the debt limit.
Read more »