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Republicans storm out of ‘unreasonable’ US debt ceiling talks with White House



Republican Congressman Garret Graves said the talks are at an impasse.

He told reporters: “Look, they’re just unreasonable. Unless they are willing to have reasonable conversations about how you can actually move forward and do the right thing.

“We’re not going to sit here and talk to ourselves.”

The US President attended a working dinner with his G7 counterparts on Miyajima Island in Japan but left early “to receive an update from his Debt Ceiling negotiation team back in Washington”, according to his press secretary.

Mr Biden has already curtailed his trip to Asia, cancelling a planned visit to Australia and Papua New Guinea to focus on Debt limit talks.

Unless the debt ceiling is raised, the world’s biggest economy faces not having enough cash to pay its bills as soon as June 1.

Republicans and Democrats have been arguing over whether to raise or suspend the debt ceiling, which determines how much money the US government can borrow.

Republicans want deep spending cuts, along with regulatory changes that Democrats have opposed.

The row led independent senator Bernie Sanders to urge the President to invoke the 14th Amendment of the US constitution to overrule Republicans. The 14th Amendment states that the “validity of the public debt of the United States…shall not be questioned”.

A group of senators led by Sanders said: “Using this authority would allow the United States to continue to pay its bills on-time, without delay, preventing a global catastrophe.”

US Treasury Secretary Janet Yellen has also warned that if the deadlock is not broken, the Biden administration faces a catastrophic default.



This post first appeared on Todayheadline, please read the originial post: here

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Republicans storm out of ‘unreasonable’ US debt ceiling talks with White House

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