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Saturday, July 12, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Republicans: White House Unreasonable, Debt Ceiling Negotiations Stalled

Republican Representative Garrett Griffins, who was appointed by McCarthy to lead talks with the White House, said White House negotiators were “unreasonable”, adding that the talks are now seen as “at a standstill”.

“Unless they’re willing to have reasonable conversations about how to move forward and do the right thing, we’re not going to sit here talking to each other,” Graves said.

Meanwhile, Senate GOP Leader Mitch McConnell tweeted, “Time for the White House to get serious. Time is running out.”

Graves’ comments come a day after House Speaker Kevin McCarthy said a deal could go to a vote in the House of Representatives next week.

Market movements

After this news broke and statements by the Chairman of the US Federal Reserve, in which he admitted that policymakers may not need to raise interest rates to the highest level to combat the inflation, US indices reversed the gains the session started with. , to fall, so at 4:30 p.m. GMT, the index fell. The Dow Jones rose 0.43% to 33,392 points, the S&P 500 index fell 0.35% to 4,182 points and the Nasdaq index fell 0.44% to 12,634 points.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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