Most economic calamities are unavoidable, or at least take us by surprise. The debt ceiling is an exception to that rule.
with House Speaker Kevin McCarthy yesterday laying out part of his strategy in a speech at theOn the surface, this is nothing new. Republicans for over a decade have used the debt ceiling as leverage to cut future spending.But monetary and political conditions in 2023 are much different than they have been during past debt ceiling battles, as could be the consequences of a 2011-style downgrade.
In 2023 the Fed is in the midst of quantitative tightening. That means a downgrade could cause much more severe ripples through the capital markets and economy. One private equity executive recently told me it's the thing that scares him much more than a second-half recession. McCarthy is pledging a debt ceiling vote in the House within weeks, although we're still waiting on specifics. His conference is meeting to hammer that out as I type.by past spending. In other words, America paying its bills.Behind the scenes:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BYD Dolphin (2023) first drive: new compact EV due in 2023BYD : Like its namesake, the BYD Dolphin is a pretty clever little mammal
Weiterlesen »
Rosalía Brings Out Fiancé Rauw Alejandro During Coachella 2023 SetThe couple sang two songs off RR, their joint EP released in March.
Weiterlesen »
2023 GMC Terrain Review, Pricing, and SpecsThe 2023 Terrain has a muscular look and ample interior space, but flounders in comparison to other vehicles in the segment.
Weiterlesen »
Earth Day 2023: Taking a look at Chicago environmental groups in Little Village, Altgeld GardensNeighborhoods like Little Village, where a botched implosion of a smoke stack in 2020 covered the area in dust and debris, are the focus.
Weiterlesen »
Coachella 2023: New large-scale art displays join other iconic fest piecesNew artists display their innovative pieces alongside returning iconic works at the Coachella Valley Music and Arts Festival in Indio.
Weiterlesen »
Ari Aster’s ‘Beau Is Afraid’ Scores Biggest Indie Box Office Opening of 2023Ari Aster’s latest anxiety-inducer “Beau Is Afraid” is taking the indie box office by storm. The A24 film, which stars Joaquin Phoenix as an apprehensive man who endures a lot ove…
Weiterlesen »