On queue...GOP negotiator Graves says there is not been any progress on talks

On queue:

• GOP negotiator Garret Graves says there is not been any progress on talks

Earlier today, McCarthy said:

• Debt ceiling talks are still productive

He adds that negotiators will get together on Wednesday morning (but he has not spoken with Biden since Monday).

Graves said yesterday:

“There is a significant gap between where we are and where they are on finances… and unless and until the White House recognizes that this is a spending problem, we’re going to continue to have a significant gap”. GOP, Patrich McHenry, Graves and the Republican leadership have criticized the White House for not empowering negotiators Steve Ricchetti, the counselor to the president, and Office of Management and Budget Director Shalanda Young to cut a deal. According to Punchbowl, McHenry said:

“The talents of the people that the administration sent in the room, they know how to do this. If they have the constraints from the administration and the directive that you can’t spend less — that’s coming from the top level of the White House. And if they’re making that as a play call, they’re completely misreading the situation in a very dangerous way.”

Generally speaking, it seems from the GOP side, McCarthy tries to spin more positively while Graves is tilted toward the negative side.

Meanwhile,

• Dow Industrial Average -187 points or -0.57%
• S&P index minus 27.22 points .or -0.66%
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index -76.51 points or -0.61%

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term