Biden, McCarthy to meet on debt ceiling as Wall Street starts to worry

Contributing sentiments towards policy:

48% : Meanwhile, some companies reliant on government spending have seen their stocks underperform by more than 10 percent this year, according to a report last week from Goldman Sachs - a sign, perhaps, that a deal to cap federal expenditures could carry market-moving consequences.
46% : Before talks broke down, the GOP's top negotiator, Rep. Garret Graves (La.), offered a proposal to slash federal spending by more than $100 billion in the upcoming fiscal year and cap most agencies' budgets through the 2030 fiscal year, according to two people familiar with the plan who spoke on the condition of anonymity to offer sensitive details.
43% : Republicans rejected that idea, insisting that domestic spending must be significantly reduced from current levels so overall spending goes down in the upcoming fiscal year even as military spending goes up.
32% : Since then, the party's more conservative members have doubled down: The House Freedom Caucus is expected to urge McCarthy on Monday to reject any offer from Biden unless it includes the House-passed bill as well as border security and a reduction to FBI funding.
27% : Biden and McCarthy (R-Calif.) have promised to avoid that outcome, despite a bitter disagreement over how to satisfy GOP demands that any increase in borrowing be accompanied by steep cuts in government spending.

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