US stocks slide as traders wait for lawmakers to vote on debt ceiling deal
U.S. President Joe Biden and Speaker of the House Kevin McCarthy depart the U.S. Capitol following the Friends of Ireland Luncheon on Saint Patrick's Day March 17, 2023 in Washington, DC. The Friends of Ireland caucus was founded in 1981 by the late Irish-American politicians Irish-American politicians Sen. Ted Kennedy , Sen. Daniel Moynihan and former Speaker of the House Tip ONeill Stocks slid on Wednesday ahead of a House vote to resolve the debt-ceiling crisis.
The price of credit default swaps linked to US debt show investors think a default is possible, though unlikely. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
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