US House Speaker McCarthy: We are nowhere near a deal yet

“I need you all to hang with me on the debt limit, we are nowhere near a deal yet,” US House Speaker Kevin McCarthy told House Republicans during a closed GOP meeting on Tuesday, Punchbowl News reporter Jake Sherman tweeted out.

On a similar note, Republican debt ceiling negotiator Garret Graves reportedly said that things were not going well over debt-ceiling talks.

Market reaction

Markets remain cautious following these headlines. As of writing, the S&P 500 Index was down 0.35% on a daily basis.