President Joe Biden He has reportedly urged his negotiators to continue to comply with a Debt Limit Deal after Speaker of the House Kevin McCarthy indicated that both parties could reach an agreement as early as this weekend.

In a call early Friday from Japan, where Biden is present group of seven During the summit, the President told his negotiating team in Washington that he was confident congress will act in time reported Bloomberg quotes a White House officially.

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In a phone call lasting about 20 minutes, negotiators told Biden they were making steady progress, the report said.

Price promotion: US markets ended in the green for the second time in a row As investors remained optimistic, the debt ceiling crisis will soon see a resolution.

The SPDR S&P 500 ETF Trust SPY closed 0.96% higher on Thursday during the Invesco QQQ Trust Series 1 QQQ increased by 1.86%.

Meanwhile, McCarthy and Majority Leader in the Senate lining Schumer plan to vote on a pending deal in the coming days, the report said.

But even if a solution comes about, the flood of bond selling by the Ministry of Finance Department The bank, which has to meet its obligations following a resolution, is expected to drain liquidity from the banking system and drive up short-term lending rates.

The iShares 1-3 year Treasury Bond ETF SHY closed 0.18% lower on Thursday during the Vanguard Short-Term Treasury Index Fund ETF VGSH closed 0.19% lower, according to Benzinga Pro.

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