"It looks unlikely that Congress will address the debt limit before the last minute, and there appears to be a material risk that Congress fails to act by the October 18 deadline," Goldman Sachs economists wrote in in a note.The Wall Street bank added that a"lapse in borrowing authority looks like a real risk," although that lapse would"probably be brief.
Goldman Sachs is not putting much stock in any unilateral actions the Treasury Department could take to address the debt limit, including minting a $1 trillion coin or disregarding the limit by citing the 14th Amendment."It is impossible to rule these or other steps out entirely, but we are skeptical that such moves will come into play this year," the economists said in the report.
Good.
Joe Biden's approval rating today is at 38%. Let that sink in.
Democrat's duties don't end just because Republicans are refusing to do theirs.
If Democrats refuse McConnell's offer then the blame lands squarely on them. They have a chance to raise the debt ceiling temporarily and it will give them enough time for budget reconciliation. If they refuse to take it, it's on them.
What happens when everyone disagrees with everyone around them? Nothing. I would like to see the people I've voted for, doing what I voted for. justsaying
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Biden says Republican stonewalling on debt ceiling risks U.S. defaultPresident Biden accused Republican lawmakers of taking a ‘reckless’ position in refusing to join Democrats in voting to raise the government's $28.4 trillion debt limit as the U.S. faces the risk of a historic default in just two weeks FJBiden Muhammad Qasim does not claim to be the ImamMahdi.Why Malaysian and Indonesian some scholars have identified him as Imam Al-Mahdi. WhatsApp facebookdown HappyBirthdayPMIK HappyTeachersDay2021 serverdown Kabul Taliban ISIS ImranKhanPTI WhatsApp 🤔🤔🤔🤔🤔🤔🤔🤔🤔
Source: Reuters - 🏆 2. / 97 Read more »
Biden says Republican stonewalling on debt ceiling risks U.S. defaultWASHINGTON (Reuters) -President Joe Biden said on Monday the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats in voting to raise it in the two next weeks. Senate Republicans, led by Minority Leader Mitch McConnell, have twice in recent weeks blocked action to raise the debt ceiling https://www.reuters.com/world/us/congress-confronts-us-debt-ceiling-drama-again-2021-09-22, saying they do want action but will not help by voting for the move. Republicans say Democrats can use a parliamentary maneuver known as budget reconciliation to act alone. As compared to reckless irresponsible spending dc is known for by both parties! Fellow Americans: If you belong to a Party that attacked us on Jan 6th and is now trying to not raise the debt limit after the Covid costed us so much. In hope of crashing the stock market and destroying America, all I ask is Why? Gregory St. James Mundy (author of I LOVE GOD)
Source: YahooNews - 🏆 380. / 59 Read more »
SEC chair warns U.S. debt default would shock marketsSEC Chair Gary Gensler warned Congress that a U.S. debt ceiling breach threatened to unleash significant volatility and disruption in financial markets Ca$h gang, wya? 💰 After a failed insurrection, the debt ceiling breach is an easier attempt to destroy America GQP wants this so they can blame BIden
Source: politico - 🏆 381. / 59 Read more »
Effort to raise debt limit resets after Senate GOP blocks weeks from defaultHouse Democrats are continuing efforts to raise the debt ceiling in order to avoid the U.S. from defaulting on the national debt. Trump & Trumplicans' aim is to sow the seed of doubt in people's minds so that they slowly begin to distrust almost everything & thru the distrust slowly create a state of chaos & confusion to divert the people's attention away from their intention to tear America apart. When Trump & his supporters only listen to the lies they tell themselves & one another & the lies are the ties that bind them then 'hitting bottom' & only then will they open their eyes to the lies they have told themselves & to others. Lies are their cunning baffling addiction. Strip away Trump's Talibanization of America!
Source: Newsweek - 🏆 468. / 52 Read more »
Biden: 'Real possibility' Democrats might change Senate rules for debt hikePresident Joe Biden said on Tuesday that his Democrats might make an exception to a U.S. Senate rule to allow them to extend the government's borrowing authority without Republican help, which could head off an economically crippling debt default. Well, let's see how this gonna end up... Just get it done through reconciliation man! There is no positives here for the Democrats, and the Hell would freeze over before any Republicans help the Democrats pay the bill for the debt they incurred during the last administration! DNC have the ability to raise the debt ceiling alone. But they won't do it. They even delayed it to make republicans vote GOP CAN vote but they don't. Both are delaying the vote. Both are to blame. Both are corp. bailout unpatriotic traitors to the American people SenateFloor
Source: Reuters - 🏆 2. / 97 Read more »
Factbox: How could U.S. Senate Democrats raise the debt limit on their own?The U.S. Congress has about two weeks to raise the federal government's $28.4 trillion debt ceiling or cause a historic default that would take a heavy toll on the economy. You mean the same Democrats who blocked for 4 years, then reversed every legislation the previous government did as soon as getting into Office? Set a good precedent didn't they. Do they think everyone has forgotten?
Source: Reuters - 🏆 2. / 97 Read more »