National Debt (US) – Page 16

U.S. Debt-Limit Talks Are Stalling on These Issues

Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.

Financial markets are still betting that Congress and the White House will strike a deal. But the uncertainty alone is having consequences.

He said the recent harsh back-and-forth was posturing typical of any negotiation and predicted the two sides would still “get something decent done.”

While each party tries to blame the other for the crisis, some acknowledge that they would both share responsibility for a default.

Republicans left negotiations on Friday, saying the White House was refusing to move its way on spending cuts.