Debt Limit Talks Start, Stop In Friday Negotiations

May 20, 2023 3:56 am

WASHINGTON (AP) — Debt limit talks between the White House and House Republicans have stopped and started and stopped again at the Capitol. The dizzying series of events Friday came amid high-stakes negotiations to avoid a potentially catastrophic default. President Joe Biden remains “optimistic” a deal can be reached, the White House press secretary says while acknowledging there are “serious differences.” Biden and Republicans are racing to strike a deal as the nation careens toward a potentially catastrophic debt default if the nation fails to pay its bills. A top Biden adviser says the White House remains hopeful. Talks are likely to resume over the weekend.