President Biden, McCarthy meet on debt ceiling as Wall Street starts to worry
Both leaders expressed optimism entering Monday’s meeting, where they hope to revive stalled talks with a June 1 deadline looming.
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Both leaders expressed optimism entering Monday’s meeting, where they hope to revive stalled talks with a June 1 deadline looming.
The MSCI world equity index, which tracks shares in 49 nations, gained 0.19%
WASHINGTON -- President Joe Biden and House Speaker Kevin McCarthy declared they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement and neither side appeared to be giving ground as Washington strained to raise the nation's borrowing limit in time to avert a potentially chaotic federal default.
By Stella Qiu SYDNEY (Reuters) - Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations approached crunch time after
Asian shares rose after US President Joe Biden said relations with China are expected to improve “very shortly”, and as the market awaited possible progress in US debt-limit talks. US futures were little changed.