Debt limit talks resume at Capitol as Republicans, White House face ‘real differences’
Lisa Mascaro, Farnoush Amiri and Zeke MillerThank you for supporting our journalism. This article is available exclusively for our subscribers, who help fund our work at the Chicago Tribune.Rep. Patrick McHenry, R-N.C., a key ally of House Speaker Kevin McCarthy, R-Calif.
As the White House team left the nighttime session, counselor to the president Steve Ricchetti, who is leading talks for the Democrats, said he was hopeful for an outcome. “We’re going to keep working,” he said. The White House official, who was granted anonymity to talk about the private discussions, had said at that time there are “real differences” between the parties on the budget issues and further “talks will be difficult.”
Negotiators met Friday for a third day behind closed doors at the Capitol with hopes of settling on an agreement this weekend before possible House votes next week. They face a looming deadline as soon as June 1, when the Treasury Department has said it will run out of cash to pay the government’s incurred debt.
But McCarthy faces pressures from his hard-right flank to cut the strongest deal possible for Republicans, and he risks a threat to his leadership as speaker if he fails to deliver. Many House Republicans are unlikely to accept any deal with the White House.
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