© J. Scott Applewhite/Associated PressWASHINGTON—White House and House Republican negotiators trying to resolve an impasse over raising the debt ceiling broke off talks Friday morning with no immediate plans to resume discussions. The break came one day after both the White House and McCarthy had expressed optimism that a deal could be reached soon. The White House said in a statement Friday that “there are real differences between the parties on budget issues, and talks will be difficult. ), emerging from a meeting with White House negotiators, said the talks hadn’t been productive. White House adviser Steve Ricchetti, one of Biden’s negotiators, said as he left the meeting that both sides were “playing by ear” when asked whether there would be more talks Friday.

Source: Wall Street Journal May 20, 2023 02:16 UTC