REPUBLICAN NEGOTIATOR SAYS DEBT CEILING TALKS ARE PAUSED BECAUSE WHITE HOUSE DEMANDS ARE “UNREASONABLE”

CLOCKWISE FROM TOP LEFT: Office of Management and Budget Director Shalanda Young; Rep. Garret Graves (R-La.); Louisa Terrell, White House legislative affairs director; and Steve Ricchetti, counselor to President Biden.

GOP negotiator says debt ceiling talks are on pause as deadline looms

ABC News' Elizabeth Schulze reports on the latest developments in the negotiations over raising the nation's debt ceiling, as the nation inches closer to a possible default.

Debt ceiling talks break down with default deadline coming fast

Negotiations over the debt ceiling have reached a standstill as the default deadline approaches. Republican Congressman Garret Graves says the decision was made to pause discussions earlier today. It's not clear when talks will resume. CBS News congressional correspondent Nikole Killion has more.