"We decided to pause because it (negotiations. - RT) is simply unproductive, "The Hill quoted him as saying.

According to him, negotiators from the White House behave "recklessly."

House Speaker Kevin McCarthy warned that negotiators should come to an agreement on the overall parameters of the deal by the weekend, the newspaper writes.

On May 10, McCarthy said that US President Joe Biden and congressional leaders had failed to make progress on raising the debt ceiling.

The US Treasury Department noted that if the country's authorities do not raise the debt ceiling or suspend it, then by June 1, Washington will have nothing to pay off creditors.

At the end of 2022, the debt of the United States reached the established limit of $31.4 trillion, and since then the government has had to cut part of the budget to meet its obligations.