There's deal talk in Washington. On Wall Street, it's wait-and-see.
The stock market edged lower early Tuesday even though Republican and Democratic leaders in the Senate reported that a deal over the nation's borrowing limit appears to be getting closer.
Unless the borrowing limit is raised, the U.S. will bump up against a Thursday deadline that could lead to a default on government debt. That possibility has rattled markets all month.
There was reason for Wall Street to be pessimistic. For one, it wasn't clear whether House Republicans will go along with whatever the Senate works out. Also, any deal reached this week might simply set up another showdown a few months down the road.