June 7, 2023 12:01 am ETPresident Biden on Friday commended Congress for passing the Fiscal Responsibility Act, suspending the debt ceiling to avoid an unprecedented U.S. default. Photo: Jim Watson/Press Pool
Investors are bracing for a flood of more than $1 trillion of Treasury bills in the wake of the debt-ceiling fight, potentially sparking a new bout of volatility in financial markets.Continue reading your article with
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Analysis: Debt ceiling deal ignores US debt time bombRepublicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade.
Source: Reuters - 🏆 2. / 97 Read more »
Here's what to buy — and avoid — after the U.S. debt ceiling deal, according to analystsThere are opportunities but also potential minefields to avoid after the debt ceiling is lifted — such as an influx of Treasurys, analysts say.
Source: CNBC - 🏆 12. / 72 Read more »
With debt limit deal behind him, Biden returns to 'previously scheduled programming'The early phase of Biden’s campaign aims to showcase him as a drama-free leader who has defied expectations in working across the aisle.
Source: NBCNews - 🏆 10. / 86 Read more »
McCarthy takes victory lap on debt dealHouse Speaker Kevin McCarthy took a victory lap for the debt ceiling bill highlighting a rare moment of bipartisanship between the two political parties. Washington Insider Armstrong Williams joined The National Desk’s Jan Jeffcoat to discuss the issue.
Source: News4SA - 🏆 251. / 63 Read more »
House Speaker McCarthy on debt ceiling deal: This was a turning of the shipHouse Speaker Rep. Kevin McCarthy (R-Calif.) joins 'Squawk Box' to discuss the passage of the debt ceiling deal, spending cuts, working in a bipartisan fashion, and more.
Source: CNBC - 🏆 12. / 72 Read more »