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 (43509)	9/10/2024 10:06:47 AM
From: Les H	Read Replies (1) \| Respond to of 51240

The Myth That the US is Rapidly Approaching Bankruptcy Posted on September 10, 2024 by Yves Smith nakedcapitalism.com Federal government is heading toward another fake fiscal cliffhanger in three weeks. Lawmakers are returning to Washington on Monday for a three-week sprint that will be headlined by the fight over government funding as this month’s shutdown deadline inches closer. Speaker Mike Johnson (R-La.) is poised to kick off the process this week by putting legislation on the floor that pairs a six-month continuing resolution (CR) with a bill to require proof of citizenship to register to vote — titled the Safeguard American Voter Eligibility (SAVE) Act — a strategy favored by former President Trump and hard-line conservatives. Democrats, however, have deemed the effort a non-starter, and some House Republicans are expressing skepticism about the gambit. thehill.com The law authorizing debt issuance expires at the end of the year, but the cash on hand and the extraordinary measures by the Treasury push back the 'drop-dead' date till July.