Debt Ceiling Negotiations Stall on Spending Cuts as Deadline Nears

Rep. Patrick McHenry (R-N.C.) speaks to the press after meeting President Joe Biden to discuss the debt limit at the White House on May 22, 2023. Madalina Vasiliu/The Epoch Times

Talks over raising the U.S. debt limit ahead of the June 1 deadline have stalled over the issue of 2024 limits on federal discretionary spending.

White House negotiators Steve Ricchetti, counselor to the president, and Shalanda Young, director of the Office of Management and Budget, have been meeting with Reps. Garret Graves (R-La.) and Patrick McHenry (R-N.C.) to work out an agreement.