Debt ceiling talks resume amidst Republican cynicism.
TL;DR Summary
Republicans and White House officials have resumed debt ceiling talks after a brief pause on Friday. Without a deal, the US could default on its $31.4tn (£25.2tn) debt. In exchange for support for raising the debt ceiling, Republicans are demanding budget cuts to the tune of $4.5tn, which includes scuppering several of Mr Biden's legislative priorities. Both President Biden and Speaker McCarthy are under pressure from the left and right flanks of their respective parties to hold the line. With a one-seat Democratic majority in the Senate and Republicans in narrow control of the House, a deal has so far proven elusive.
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- Debt ceiling talks resume after Republicans trigger brief pause CNBC
- Debt ceiling clash should push states to rely less on federal money The Hill
- The US debt ceiling crisis is more proof of Republicans’ cynicism and bad faith The Guardian
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