negotiators are still far apart but a deal by the end of the week is feasible house speaker kevin mccarthy rca said following a debt ceiling summit with president joe biden and other key lawmakers on tuesday weve set the stage for further conversations in debt talks the republican leader added senate majority leader chuck schumer dny said the debt discussion was good and productive noting that all sides agreed that a default would be a horrible idea schumer added that we are closer to a deal highlighting that bipartisan negotiations will go ahead with a few added players senate republican leader mitch mcconnell said we are confident that we will not default also read trump raising arguments lack merit says georgia prosecutor after expresident attempts to remove her from 2020 election probe treasury secretary janet yellen has repeatedly underlined june 1 as a possible deadline when the us government might be unable to pay its obligations without increasing the debt limit meanwhile an administration official informed cnn that biden is canceling his forthcoming trips to papua new guinea and australia due to the debt limit discussions in washington stocks fell to session lows after the statements as investors expected a solution to the debt ceiling to be found on tuesday the spdr sp 500 etf trust spy fell to 410 in the minutes after the headlines before attempting to regain some ground yields on onemonth treasury bills held steady at 555 the spy finished wednesday 067 lower at 41025 now read trumps niece says jean carroll lawsuit was like watching an aikido master balance can shift after all