Debt ceiling negotiations remain contentious between White House and Republicans.

1 min read
Source: CBS News
Debt ceiling negotiations remain contentious between White House and Republicans.
Photo: CBS News
TL;DR Summary

House Republicans and the White House are still at odds over reaching a consensus on a plan to address the debt ceiling as the threat of a historic default on the nation's debt grows. The GOP negotiators are resuming talks with Biden administration officials on the White House campus in hopes of brokering a deal to avert a default on the country's $31.4 trillion debt. The GOP demands to slash federal spending rather than freeze it at current levels, and again vowed not to bring a clean bill solely addressing the debt limit to the House floor, as the White House and Democrats have been pushing for.

Share this article

Reading Insights

Total Reads

0

Unique Readers

8

Time Saved

4 min

vs 5 min read

Condensed

89%

981107 words

Want the full story? Read the original article

Read on CBS News