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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (43951)11/19/2021 7:05:11 AM
From: sunabeach1 Recommendation

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(Bloomberg)

Biden battle


Biden's landmark economic plan was delayed after an intervention from Republican House leader Kevin McCarthy. Democrats are now pushing for passage of the $1.64 trillion economic agenda today, with the Congressional Budget Office estimating the bill would add $367 billion to the federal budget deficit over the next decade. While that’s a drop in the debt-filled ocean, it provides political ammo to detractors who say the bill fails to pay for itself, contrary to claims made by the White House. It also looks like several House moderate Democrats are ready to vote for the package. Meanwhile, the debt ceiling is focusing minds, with Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell meeting Thursday to discuss the mid-December deadline.
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