Stocks Mixed As Debt Deal Awaits Key House Meeting; Netflix Jumps, Disney Dips

and have been busy defending it to both to the far right and progressive Democrats.

But passage could meet with some hurdles. A key indicator of where the deal stands will come later today, when the House Rules Committee meets at 3 pm ET today to vote on sending the deal to the full floor for a vote. One of its members, Rep. Chip Roy , has come out against the legislation and has insisted that when McCarthy was seeking votes to become speaker, he made a deal that a bill would need unanimous support from GOP members of the Rules Committee to clear it.

Given the gravity of the issues at stake, namely an unprecedented U.S. government default, the markets have been reacting to the conventional wisdom that the ceiling ultimately would be raised or suspended. These are volatile days for the market for a few reasons. The debt deal is crucial of course, with the nation possibly unable to pay its bills as early as June 5 if there is no increase in the ceiling. But inflation and interest rates fears also continue to dog the market ahead of the Federal Reserve’s next meeting in mid-June. Employment numbers due out Friday could sway whether it raises rates yet again or not, continuing to fuel recession fears.

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