The Latest Breaking News on Dow Jones Gains Despite Johnson Debt-Plan Hurdles; Cathie Wood Buys This Stock Amid 22% Plunge

"We write to emphasize the potentially disastrous consequences of a failure by the federal government to meet its obligations,” the group wrote Tuesday.

Negotiators tapped by President Joe Biden and Speaker Kevin McCarthy to hash out a debt limit compromise were racing against the clock.

"CFOs need to be prepared with a good risk management perspective," says a former bank examiner for the Federal Reserve.

June S&P 500 futures (ESM23) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.20% this morning as market participants pinned hopes on talks in Washington to resolve the deadlock on raising the U.S. debt ceiling.

"They're negotiating now and they weren’t doing it before," one Republican told Axios.

June S&P 500 futures (ESM23) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.11% this morning after three major U.S. benchmark indices finished the regular session lower as market participants worried about whether the outcome of the U.S. debt ceiling talks would result in staving off…

"It is possible to get a deal by the end of the week," said McCarthy.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.01%, and the Nasdaq 100 Index ($IU ) (QQQ ) closed up +0.09%. Stock indexes Tuesday settled mixed, with the Dow Jones...

Republican lawmakers continue to insist on cuts to social programmes as US debt default looms on the horizon.