Republicans walk out of debt ceiling talks, say White House isn't being 'reasonable'

Financial markets dipped on news of the debt ceiling talks stalling, after a week of purported progress.

It is unclear if the negotiations will resume this weekend.A barrier to stop vehicles stands in front of the US Capitol in Washington, DC, on May 11, 2023.WASHINGTON — High-stakes negotiations over raising the debit limit abruptly came to a halt Friday on Capitol Hill, after Republican negotiators walked out of the room and blamed the White House for holding up the talks.

"Until people are willing to have reasonable conversations about how you can actually move forward and do the right thing, then we're not gonna sit here and talk to ourselves," Rep. Garret Graves, R-La., told reporters. "We decided to press pause because it's just not productive," he added. Graves said he did not know if talks would resume this weekend.

Financial markets dipped on the news, which came after a positive week of talks that signaled a deal was close.

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