Debt-Ceiling Talks Head Into Weekend

Debt-Ceiling Talks Head Into Weekend With Spending Cuts in Focus - WSJ

Updated May 20, 2023 3:26 pm ET

House Speaker Kevin McCarthy (R., Calif.) has said that spending levels are a major sticking point in negotiations.Photo: Tom Williams/Zuma Press

WASHINGTON—Negotiators headed into the weekend at an impasse in talks to raise the federal government’s borrowing limit, as the

deadline for avoiding a first-ever default on the nation’s debt approaches as soon as next month.

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