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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
May 20, 2023
Page
11
U S debt limit talks resume then pause again as McCarthy and White House aides cite real differences. Negotiators exit brief meeting with no next steps planned, while White House officials express hope for a bipartisan path before the June deadline.
The AP NORC poll finds about 60 percent favor raising the debt limit only with agreed deficit reduction terms while roughly two in ten understand the talks very well. It reports broad concern about the economy, mixed approval of Biden and Republicans, and limited public engagement with negotiations.
Wall Street ends a brief advance as debt default worries surface with Democrats and Republicans facing a June 1 deadline. The S&P 500 dips 0.1 percent to 4191.98, the Dow falls 0.3 percent to 33426.63, and the Nasdaq loses 0.2 percent to 12657.90 amid mixed earnings and Fed rate expectations.
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