Consumer sentiment significantly improved in early June as the debt ceiling turmoil was resolved under the leadership of House Speaker Kevin McCarthy.
“The outlook over the economy surged 28 percent over the short run and 14 percent over the long run. Sentiment is now 28 percent above the historic low from a year ago and may be resuming its upward trajectory since then,” Joanne Hsu, the director of the survey, said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National debt hits $32 trillion two weeks after debt ceiling dealThe national debt is now at $32 trillion, less than two weeks after President Biden signed a bill into law that allows unlimited borrowing by the federal government through the end of 2024.
Source: FoxNews - 🏆 9. / 87 Read more »
House GOP woes grow with conservative rebellion over spending and debt ceiling deal.SpeakerMcCarthy and GOP House leadership face a new series of political and policy challenges, including an internal rebellion from the most boisterous House conservatives angry about the late-May deal that lifts the current debt limit into 2025.
Source: dcexaminer - 🏆 6. / 94 Read more »
Who Was Dealt Out of the Debt Ceiling Deal? - Ms. MagazineIn the Fiscal Responsibility Act, Kevin McCarthy cut poverty programs in the debt deal, like SNAP. Hunger will increase among poor, Black women.
Source: MsMagazine - 🏆 378. / 59 Read more »