Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (33898)	11/4/2022 11:50:35 AM
From: Les H	Read Replies (1) \| Respond to of 50795

Kabuki theater of debt ceiling Top Democrats are privately discussing the possibility of using the budget reconciliation process in the upcoming lame-duck session to raise the statutory debt limit if Republicans retake one or both chambers in the midterms. No decisions have been made, and the path to enacting another filibuster-proof budget bill in the short time allotted between Nov. 14 and Dec. 16, when lawmakers would like to wrap up the 117th Congress, is procedurally treacherous. And there’s a week off for Thanksgiving to boot. rollcall.com Nothing gets done under the existing Congress. The issue will get passed to the next where both sides will negotiate a deal; Democrats seeking an extension past the next election and Republicans seeking a confrontation that they'll back away from. Meanwhile, the debt subject to the ceiling has been dropping as the Treasury has spent down some of its cash. It looks like the debt will reach the statutory limit in January.