Traders turn optimistic on debt ceiling deal — and one strategist says it's a 'market opportunity'

"I think it is virtually certain that it will be passed," said Jeremy Siegel, professor of finance at Wharton School at the University of Pennsylvania. He said he had "very little doubt that they weren't going to reach an agreement... this is going to be a done deal and voted positively on Wednesday."

"I think that they decided that they wanted to go after the next election to raise that debt limit, and not have another debate that could distract the American public from the main issues that separate the country."some Republican lawmakers criticized the deal after the announcementPavlick predicts that McCarthy has the support of a "majority of Republicans" in the House, "but that majority can vary significantly.

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