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 According to a representative of the Presidential Office, negotiations between US Republicans and the government of President Joe Biden in the debt dispute continued on Friday evening (local time) after an interruption of several hours.

“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

source site-12