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Politics and Debt Ceiling Standoff Take Center Stage as Biden Resumes Talks with Lawmakers

US President Joe Biden is set to resume talks with lawmakers on the US debt ceiling standoff on Tuesday, after they were postponed on Friday. Despite deep partisan rifts, both Biden and analysts say there are signs of progress. Biden is confident enough that he's still planning on boarding a Wednesday flight to Hiroshima for the G7 summit. Equity markets weakened around most of Asia on Monday, with the notable exception of Japan, after the US budget office backed the idea that Treasury funds will run out at the start of next month. Meanwhile, the baht soared after Thai opposition parties crushed military-backed parties on the weekend, signalling wide and strong discontent with the ruling junta.

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