"Wall Street is hesitant to take on any major positions until we find out the outcome to both debt ceiling talks at the White House and on whether or not inflation is proving to be very sticky," said Ed Moya, senior market analyst at Oanda. Treasury Secretary Janet Yellen said on CNBC Monday afternoon that failing to raise the debt ceiling would be an "economic catastrophe," and regulators are not close to any policies that would limit short-selling regional bank stocks. Biden maintains raising the debt ceiling is non-negotiable. Biden and McCarthy remain at odds over the House Speaker's demand that a deal on raising the debt ceiling be tied to spending cuts. Both sides have cautioned that the meeting is simply a chance to have a conversation, with definitive progress on raising the debt limit unlikely. President Joe Biden is hosting a meeting with House Speaker Kevin McCarthy Tuesday afternoon. The Dow Jones Industrial Average traded flat with a 0.17% decline at 33,561.81. Stocks closed lower Tuesday as investors readied for key inflation reports due later in the week and progress on the U.S. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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