Debt ceiling talks briefly resume as US default deadline creeps closer

Janet Yellen, the treasury secretary, has said that without action the US will cease to be able to pay its debts around 1 June

Negotiations for a deal to raise the US debt ceiling and thereby avoid a default with potentially catastrophic consequences for the world economy briefly resumed Friday before concluding with no progress cited by either side.

Republicans had returned to the bipartisan talks with the White House on Friday evening, hours after negotiations had come to an abrupt stop earlier in the day.