Negotiations in the US debt dispute continue

Kevin McCarthy

The leader of the US House of Representatives wants to return to the negotiating table.

(Photo: Reuters)

Washington In Washington on Friday evening (local time), another round of negotiations between US Republicans and the government of President Joe Biden on the debt dispute ended without a result. “We had a very, very open conversation about where we are and where we need to be,” Republican Rep. Garret Graves told reporters after the meeting.

But that wasn’t the negotiations. White House senior adviser Steve Ricchetti exited the boardroom and told reporters he did not want to judge the talks. It is uncertain when talks will resume.

Negotiations resumed after an hour-long hiatus.

“We will return to the negotiating table tonight,” said Kevin McCarthy, Speaker of the House of Representatives, shortly before in a television interview.

A representative of the President’s Office said at noon that an agreement is still possible if both sides act in good faith and are willing to make concessions.

In Washington, there is a dispute about raising the federal debt ceiling from $31.4 trillion. If no agreement is reached, the United States faces insolvency. US President Biden himself is in Japan for the G7 summit until Sunday.

More: Stock market sentiment tilted: Debt dispute pushes US stock exchanges into the red

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