Debt-ceiling negotiations are at a “pause” on Friday, said Republican Rep. Garret Graves of Louisiana, a deputy for House Speaker Kevin McCarthy.Graves also suggested the White House’s representatives in the talks were being “unreasonable.”U.S. stocks DJIA, -0.33% sold off after his remarks to reporters, and the S&P 500 SPX, -0.14% was recently trading lower.
Separately, Senate Minority Leader Mitch McConnell, a Kentucky Republican, said Friday that it is “past time” for President Joe Biden to get serious about the negotiations.
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