president joe biden has reportedly urged his negotiators to keep following a debtlimit deal after house speaker kevin mccarthy indicated both parties may reach an agreement as soon as this weekend in a call early friday from japan where biden is attending the group of seven summit the president told his negotiating team in washington that hes confident congress will act in time reported bloomberg citing a white house official in a call that roughly lasted for 20 minutes negotiators informed biden they were making steady progress the report said price action us markets ended in the green for the second straight day as investors continued to be optimistic the debt ceiling crisis will soon see a resolution the spdr sp 500 etf trust spy closed 096 higher on thursday while the invesco qqq trust series 1 qqq gained 186 meanwhile mccarthy and senate majority leader chuck schumer are making plans for votes in the coming days on a yettobefinalized deal the report said however even if a resolution is reached the barrage of bond sales by the treasury department to meet its obligations in the aftermath of a resolution is expected to drain liquidity from the banking system and push up shortterm borrowing rates the ishares 13 year treasury bond etf shy closed 018 lower on thursday while the vanguard shortterm treasury index fund etf vgsh closed 019 lower according to benzinga pro read next ‘rich dad poor dad’ author hints ‘crash landing’ a possibility for the economy ‘i hope i am wrong yet that is what i believe’