Debt limit talks set to resume after pause

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Cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas, Sept. 24, 2013. Associated Press/Photo by LM Otero, File

Debt limit talks set to resume after pause

House Speaker Kevin McCarthy, R-Calif., on Sunday said debt ceiling talks were set to resume and that he would meet with President Biden on Monday. Two days earlier, he had said Republicans hadn’t seen any “movement” from the Biden administration, and that discussions on raising the debt limit were on “pause.” The White House said there were “real differences” between the two sides. According to an AP-NORC poll released Friday, 6 in 10 Americans appear to favor the GOP position in the debt ceiling debate.

Will the two sides reach a deal? The Biden administration said it was working toward a “reasonable bipartisan solution.” But Rep. Garret Graves, R-La., the top GOP negotiator, emerged from discussions on Friday saying the White House position was “unreasonable.” The Treasury Department said the government could begin defaulting on its debt by June 1.

Dig deeper: Read John Schweiker Shelton’s column in WORLD Opinions about not mortgaging the future when resolving the debt limit crisis.