US House Speaker Kevin McCarthy told reporters on Monday that Congressional and White House negotiators were still far apart in talks to raise the debt ceiling to avoid a default, as reported by Reuters.

Market reaction

Markets remain cautious following these comments. As of writing, the Dow Jones Industrial Average and the S&P 500 indexes were down between 0.15% and 0.1%.

In the meantime, the US Dollar stays on the back foot against its major rivals with the US Dollar Index losing 0.22% on the day, slightly below 102.50.