US Treasury Secretary Yellen said failure to avoid a looming federal government default would undermine Washington's ability to provide international leadership and defend US national security.
The White House indicated to congressional negotiators that the Inflation Reduction act (IRA) is off the cards in the debt-ceiling talks, CNN reported citing two people familiar with the matter.
G7 nations aim to deliver a message to China this month by announcing a joint effort to counter 'economic coercion', even as they struggle to agree on more than a broad statement of intent.
08:30 AM ET
US PPI YoY for April - Median Forecast 2.5% | Prior 2.7% | Range 2.7%/2.3%
PPI MoM for April - Median Forecast 0.3 % | Prior -0.5% | Range 0.6%/-0.1%
Weekly US Initial Jobless Claims - Median Forecast 245K| Prior 242K| Range 260K/232K
11:30 AM ET week
US sells $35 bln of 4-Week Bills
1:00 PM ET
US sells $21 bln of 30-Year Bonds
08:00 AM ET
ECB's Schnabel Speaks - Speaking at a scientific advisory board of Germany's Finance Ministry.
10:15 AM ET
Fed's Waller Speaks - Discussing financial stability and climate change during a conference in Madrid. (Text:Yes , Q&A: Yes, with moderator)
10:20 AM ET
German Economy Min. Habeck Speaks
10:45 AM ET
ECB's De Cos Speaks
1:30 PM ET
ECB's de Guindos Speaks