Unsettled US debt talks weigh on global stocks ...Middle East

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NEW YORK: Wall Street stocks tumbled Tuesday on increased fears over a potential US debt default after the latest round of negotiations failed to produce a breakthrough.While the White House pointed to some progress in the latest round of talks with House Speaker Kevin McCarthy, markets are beginning to get more worried about the situation, analysts said.Treasury Secretary Janet Yellen has said an agreement must be reached by June 1.“I think the realization hit people today, that for lack of a better word, it is getting close,“ said Steve Sosnick of Interactive Brokers.“This is the first time that I really think there’s been some real nervousness expressed about the debt situation,“ Sosnick

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