Debt limit negotiations at standstill as sides remain far apart.
TL;DR Summary
House Speaker Kevin McCarthy is sending Republican negotiators to the White House to finish debt limit talks, but warns that the two sides are "still far apart" as they try to reach a budget deal with President Joe Biden. Time is short to strike a deal, as the Treasury Department could run out of cash to pay its bills as soon as June 1. The political standoff is edging the country closer to a crisis, roiling financial markets and threatening the global economy.
- McCarthy sending negotiators to White House to finish debt limit talks, but sides 'far apart' The Associated Press
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- A debt default would be catastrophic for the US – and Biden’s re-election chances The Guardian
- Biden must resist Republican debt ceiling demands. Here’s what he needs to do instead Fox News
- Opinion | The 14th Amendment won't solve the debt limit crisis. Here's what might. The Washington Post
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