*REPUBLICAN DEBT-CEILING NEGOTIATORS WALK OUT OF MEETING, SAY WHITE HOUSE ‘UNREASONABLE’ 🇺🇸🇺🇸
-- House Speaker Kevin McCarthy’s top debt-ceiling negotiators abruptly left a closed-door meeting with White House representatives soon after it began Friday morning, throwing into doubt the status of talks to avoid a US default.
Stocks slumped on the news, which countered any lift they might otherwise have received from remarks from Federal Reserve Chair Jerome Powell. The Fed chief said at a Friday event that policymakers might not need to raise interest rates as high, thanks to tightening credit conditions.
Graves’ comments come a day after McCarthy said he could see a deal coming together with a House vote next week.
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