CommSec’s Craig James says the concern is “the slowness
of the debt ceiling talks, still not getting a resolution”.
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‘Most important influence’: President Joe Biden to meet with Leader of the House of RepsCommSec’s Tom Piotrowski says US President Joe Biden’s meeting with the leader of the House of Representatives will arguably be “the most important influence” in the early part of Asian trade. “Investors are being held hostage by the negotiations that are taking place on the Capitol Hill,” Mr Piotrowski told Sky News Australia. “We will see the leader of the House of Representatives, Kevin McCarthy, meeting with Joe Biden, and the headlines coming out of that meeting will arguably be the most important influence in the early part of Asian Trade this morning. “If there is a sense that some progress is being made towards resolving the debt ceiling issues, that will impact US futures.” Presented by CommSec.
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Biden and McCarthy to hold White House talks in bid to reach debt dealPair to meet in person after ‘productive’ phone conversation on Sunday but Democrats say Republican demands are not acceptable
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Biden and McCarthy hold debt talks to no avail as default deadline loomsIf the debt limit is not raised, the US government will default on its bills: a historic first likely to have catastrophic consequences
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