HomeUncategorizedRepublicans storm out of ‘unreasonable’ US debt ceiling talks with White House

Republicans storm out of ‘unreasonable’ US debt ceiling talks with White House

Republican Representative Garret Graves said negotiations were at an impasse.

He told reporters: “Look, they are ridiculous. Unless they’re willing to have reasonable conversations about how you can actually move forward and do the right thing.

“We’re not going to sit here and talk alone.”

His press secretary said the US President attended a working dinner with his G7 counterparts on the Japanese island of Miyajima but left early “to receive an update from his debt ceiling negotiating team in Japan.” Washington”.

Mr. Biden cut short his trip to Asia, canceling planned visits to Australia and Papua New Guinea to focus on debt limit negotiations.

Unless the debt ceiling is raised, the world’s largest economy will face not having enough cash to pay its bills as soon as June 1.

Republicans and Democrats have argued over whether to raise or suspend the debt ceiling, which determines how much the US government can borrow.

Republicans want deep spending cuts, along with regulatory changes that Democrats have opposed.

The controversy prompted independent senator Bernie Sanders to urge the President to invoke the 14th Amendment of the US constitution to refute the Republican party. The 14th Amendment provides that “the value of the public debt of the United States… shall not be questioned.”

“Using this authority will allow the United States to continue to pay its bills on time, without delay, averting a global catastrophe,” said a group of senators led by Sanders.

US Treasury Secretary Janet Yellen has also warned that if the deadlock is not broken, the Biden administration will face a catastrophic default.


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