Debt ceiling talks will resume after 'pause'
After a day of stalled negotiations, House Speaker Kevin McCarthy said that negotiators will be "back in the room tonight" to continue working on a debt deal. After a day of stalled negotiations, House Speaker Kevin McCarthy said on Friday evening that negotiators will be "back in the room tonight" to continue working on a solution to the impending debt limit crisis. The White House confirmed to ABC News that the negotiating parties are reconvening shortly for talks . McCarthy told Fox Business said that negotiators "took a pause" this afternoon because of the "frustration" over the White House's negotiating position. Rep. Garret Graves at the Capitol in Washington, April 26, 2023. J. Scott Applewhite/AP, FILE The back and forth between the two parties comes as time is quickly running out for lawmakers to find a debt ceiling compromise or risk default for the first time in History . Treasury Secretary Janet Yellen has warned the U.S. could ...