(Bloomberg) -- Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default. “Bottom line is that we’re going to have to see some movement or some fundamental change in what they’re doing,” Graves said of the White House negotiating team. He has also declined White House requests to scale back his proposed work requirements for food stamp programs, the person said. Hakeem Jeffries, the House Democratic leader, told reporters that a freeze at 2023 spending levels would be a “reasonable” compromise. Yet Republicans believe McCarthy has leverage in the talks, assisted by Biden’s initial refusal to negotiate over the debt ceiling.
