Talks between US House of Representatives Republicans and President Joe Biden’s administration about raising the debt ceiling paused on Friday, the lead Republican negotiator said while the White House said a deal remains possible.The two sides have little time to agree on a deal to raise the federal government’s $31.4 trillion borrowing limit or risk a catastrophic default. The Department of the Treasury has warned that the government could be unable to pay all its bills by June 1.“Until people are willing to have difficult conversations about how you can actually move forward and do the right thing we’re not going to sit here and talk,” Representative Garret Graves, House Speaker Kevin McCarthy’s designated lead negotiator in talks, told reporters as he walked out of talks on Friday.
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