President's first Oval Office speech comes after Congress passed budget legislation ahead of default deadline
Majority leader Chuck Schumer says chamber will stay in session until bill is passed
Representatives vote 314-117 in support to send bipartisan bill to the Senate ahead of looming deadline
Stock markets will be driven by economic data from the world's biggest economy and Federal Reserve expectations
Hardliners in Democrat and Republican parties still need to be convinced to support the bill
Selling of up to $1 trillion in bills could suck significant amount of liquidity from financial markets
Congress has until June 5 to pass deal and avert US defaulting on its own debt
President Joe Biden 'hopeful' and 'optimistic' over a debt ceiling deal soon
President continues to insist there will be no default
With a possible default days away, now is a good time to consider your personal exposure to any fallout