Republican debt ceiling negotiators walk out of White House meeting
By Alexander Bueso
Date: Friday 19 May 2023
(Sharecast News) - Republican lawmakers walked out of negotiations to raise the government debt ceiling at a closed door meeting at the White House.
The lead negotiator for the republican party, Garret Graves, reportedly said that democrats were being "just unreasonable" and that talks were now paused.
Graves, the Republican representative for the State of Louisiana, added that he did not know if the talks would resume later on Friday nor over the weekend.
Stocks on Wall Street slumped immediately following the news while 10-year Treasury yields reversed course and fell as investors sought out their relative safety.
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