WASHINGTON — Negotiators resumed talks Friday night to avert a catastrophic U.S. default hours after a Republican walk-out punctured optimism that a debt-limit deal was near and drove down stocks.
House Speaker Kevin McCarthy said that the discussions would restart following a pause of several hours earlier in the day. White House advisers hand-picked by President Joe Biden returned to the Capitol shortly after.
“It’s true that we took a pause because of the frustration that this White House will not acknowledge that they’re spending too much,” McCarthy said in an interview with Fox Business. “We’ll be back in the room tonight.”
