GOP's Debt Ceiling Plan in Limbo as Talks Stall.

With negotiations over avoiding a default on the country's credit limit stalled, House Speaker Kevin McCarthy told reporters Thursday that the GOP-led House may move its own bill. McCarthy said the House could vote on legislation that is modeled on a letter he sent earlier in the week to Biden that proposed lowered spending levels and floated adding several policy proposals to a package to increase the debt ceiling. Democrats have dismissed the GOP's emphasis on federal spending cuts and policy proposals, insisting on a clean extension of the debt limit.