House Republicans pushed debt ceiling talks to the brink Thursday, displaying risky political bravado in leaving town for the holiday weekend just days before the U.S. could face an unprecedented default hurling the global economy into chaos.
Associated PressThank you for supporting our journalism. This article is available exclusively for our subscribers, who help fund our work at the Chicago Tribune.Reporters encircle Speaker of the House Kevin McCarthy, R-Calif., as debt limit negotiations continue, at the Capitol in Washington, Thursday, May 25, 2023. McCarthy adjourned the House for the Memorial Day weekend.
The White House said discussions with the Republicans have been productive, including by video conference Thursday, though serious disagreements remained as the president fights for his priorities. Meanwhile, Fitch Ratings agency placed the United States’ AAA credit on “ratings watch negative,” warning of a possible downgrade.
“Don’t take an exit ramp five exits too early,” said Rep. Chip Roy, R-Texas, a Freedom Caucus member. “Let’s hold the line.” “We still have a ways to go,” said top Republican negotiator Rep. Garret Graves of Louisiana as he juggled leading a Capitol tour for players and supporters of the championship Louisiana State University women’s basketball team.
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