• Senior White House Official hints, “Keep working tonight” as Biden-McCarthy debt ceiling talks loom

Market news

22 May 2023

Senior White House Official hints, “Keep working tonight” as Biden-McCarthy debt ceiling talks loom

“We’ll keep working tonight", Reuters quotes Senior White House Adviser Steve Ricchetti as he left debt ceiling meeting on early Monday in Asia.

During the weekend, Staff members from both sides reconvened at McCarthy's office in the Capitol on Sunday evening for talks that lasted about two-and-a-half hours, per Reuters.

After inconclusive talks, a White House official confirmed Monday's meeting but offered no specific time.

House Republican Speaker Kevin McCarthy, speaking to reporters at the US Capitol following the call, said there were positive discussions on solving the crisis and that staff-level talks were set to resume later on Sunday, per Reuters.

Also read: US Dollar Index: DXY stays pressured around 103.00 as US debt ceiling talks, Fed Minutes loom

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