Debt ceiling concerns loom as Biden and Congress discuss solutions.

TL;DR Summary
Time is running out to break the impasse on the U.S. government borrowing limit. President Joe Biden is meeting Congressional leaders on Tuesday to try to hash out a compromise to raise the debt limit and avoid a catastrophic default. Meanwhile, Turkey's presidential election heads to a run-off vote, causing the lira to hit a two-month low against the dollar and trading in Turkish blue-chip stocks to be briefly halted. In the tech sector, billionaire investor George Soros has sold his entire stake in Tesla, but loaded up on other big tech stocks including Netflix, Uber, chipmaker Qualcomm, and cloud-based data company Snowflake.
- Morning Bid: Debt ceiling jitters, Turkey vote, Soros ditches Tesla Reuters.com
- Murphy: Biden’s using 14th Amendment for debt ceiling would ‘absolve Congress from being adults’ Yahoo News
- Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit WCNC
- Opinion | The Case for Violating the Debt Limit Is Dangerous Nonsense The New York Times
- White House timidity on the debt ceiling is infuriating. What is it afraid of? The Guardian
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