June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks between the White House and Republican representatives on raising the U.S. debt ceiling ended without a deal.
Debt ceiling negotiations between President Joe Biden’s team and representatives of House Speaker Kevin McCarthy showed little progress Wednesday. U.S. President Joe Biden offered to freeze government spending at current levels during debt talks with Republicans, which would shrink the deficit by $1 trillion, U.S. Treasury Secretary Janet Yellen said Wednesday. House Speaker Kevin McCarthy believes the two sides can reach a debt ceiling deal, although they are “still far apart” on some issues.
