White House and House Republican negotiators are at a stalemate over capping spending levels in the 2024 budget.
The deadlock resulted in a pause in debt ceiling talks on Friday morning as the fiscal cliff draws nearer.
“The White House wants to continue to spend more money,” Rep. Dusty Johnson (R-S.D.) told Axios.
“No deal will be possible as long as that’s their position.”
The Main Street Caucus chair said the two sides are “really far apart on the topline” and House Speaker Kevin McCarthy (R-Calif.) is “holding strong” on GOP demands to cap discretionary spending at 2022 levels.