House Republicans See Progress in Debt-Ceiling Talks

Spending cuts are focus of discussions ahead of deadline next week

During The Wall Street Journal’s CEO Council Summit in London, U.S. Treasury Secretary Janet L. Yellen discussed what lessons can be learned from the debt-ceiling fight of 2011.

WASHINGTON—House Republican negotiators indicated they were closing in on a deal with the White House to raise the debt ceiling, with both sides wrangling over coming years’ government spending levels as talks continued Thursday.

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