US President Biden: Now is the time for Congress to act immediately to solve the debt ceiling problem.

US President Biden: We all agree that there will be no default.

US PRESIDENT BIDEN: House Speaker McCarthy and I have had many productive conversations.

US Republican debt ceiling negotiator Graves: Negotiations are still ongoing.

White House: (asked whether spending cuts will affect aid to Ukraine) Bipartisan support is expected to continue.

Bank of England member Haskell declined to comment on market pricing, saying we cannot rule out further rate hikes.

Bank of England member Haskell: If we see more evidence of persistent inflation, we will tighten policy.

Bank of England member Haskell: pay close attention to the persistence of inflation.

The White House: I believe there is still a way to move forward in the debt ceiling negotiations, and the only option is Congress to act.

US White House: Some Democratic votes are needed to reach a bipartisan debt ceiling agreement.

The White House responded to the direct dialogue between Biden and McCarthy: US President Biden is giving negotiators time and space to negotiate.

Faraday Future (FFIE.O) has received its third subpoena from the SEC since October, documents show.

US White House: The debt ceiling is not an issue for debate, but the budget is still up for debate.

The Fed accepted a total of $2.198 trillion from 106 counterparties in fixed-rate reverse repurchase operations.

Bank of England member Haskell: April inflation data partly reflects upward pressure on car prices, hopefully this is only temporary.

Bank of England member Haskell: Officials do not foresee a rise in core inflation.

The U.S. 10-year Treasury yield fell after the 7-year bond auction, up 6.90 basis points on the day at 3.788%.

According to The Information: JPMorgan Chase & Co (JPM.N) is cutting personal lines of credit for First Republic Bank (FRC.N) customers.

The yield on the 7-year U.S. Treasury note fell slightly after the auction, up 9.70 basis points on the day to 3.792%.