Free Trial

White House Negotiators Depart Capitol After Two-Hour Debt Limit Talks


Max Cohen at Punchbowl News tweets: "[White House] negotiators just left Capitol after roughly over two hours of debt limit talks. [White House Negotiator] Steve Ricchetti wouldn’t share more than to just say they’re continuing to work when I asked him how talks were going."

  • Talks likely to continue this evening with considerable activity continuing on Capitol Hill. Today, House Freedom Caucus members signaled skepticism over Treasury Secretary Janet Yellen's June 1 x-date projection.
  • House Financial Services Committee Chairman Patrick McHenry (R-NC), one of House Speaker Kevin McCarthy's negotiators, appeared to agree with HFC saying: “I want to trust the Treasury’s math, but they’re going to have to show their work. And if the White House team doesn’t have a sense of urgency, if the President doesn’t have a sense of urgency here, then that raises more questions — valid questions — about how they justify the date.”
  • Speaker McCarthy criticised President Biden for including drug price provisions in a deal: “That seems like a place to try and disrupt the whole negotiations. Like trying to throw taxes in, now trying to start talking about Medicare?”

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.