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Rep. Patrick McHenry, R-N.C., a key ally of House Speaker Kevin McCarthy, R-Calif., and chairman of the House Financial Services Committee, talks to reporters outside the Speaker office after debt limit negotiations with President Joe Biden's mediators came to an abrupt halt, at the Capitol in Washington, Friday, May 19, 2023. McHenry said "We've taken a pause and we have significant gaps that have to be bridged for us to merit more conversation." (AP Photo/J. Scott Applewhite)

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Debt limit talks in standstill as Republicans, White House face 'real differences'
May 19, 2023 midnight

Debt limit talks in standstill as Republicans, White House face 'real differences'

It is unclear when negotiations would resume, though talks could pick up again over the weekend.