White House Press Secretary Jean-Pierre: Any budget deal will need support from Democrats.

US White House Press Secretary Jean-Pierre: Preventing a debt default is not a concession.

Florida Governor DeSantis submitted documents to the Federal Election Commission to participate in the 2024 Republican presidential election.

According to ABC News: US President Biden is expected to nominate Brown as chairman of the Joint Chiefs of Staff.

After the release of the Fed meeting minutes, U.S. stocks continued to decline. The S&P 500 index fell 0.76%, the Nasdaq fell 0.77%, and the Dow fell 0.71%.

FOMC Minutes: Fed staff continue to forecast a mild recession starting later this year, followed by a modest recovery.

Fed Minutes: Participants felt banking stress could have an impact on economic activity, but the extent was uncertain.

Fed Minutes: Some participants stressed that it was "critical" that the policy statement should not imply a rate cut this year or rule out further rate hikes.

Fed Minutes: Some participants noted concerns that the federal debt ceiling may not be raised in a timely manner, posing the threat of major financial system disruption and exacerbating a tightening of financial conditions.

FOMC Minutes: Several participants said further policy tightening may not be needed if the economy develops as they expect.

Fed Minutes: Many participants were concerned about the need to keep the option open after the May meeting.

FOMC Minutes: Fed officials discussed the vulnerability of non-banks to a run on funds.

Fed Minutes: Most officials see increased downside risks on credit.

Fed Minutes: Certainty on potential rate hikes has diminished.

Fed Governor Waller: Inflation is a tax for Americans and must be brought down.