It is the 18th of September 2019

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House To Vote On Harvey Aid Bill Wednesday, Senate To Combine With Debt Limit Extension

Appending to an earlier announcement by House Majority Leader Kevin McCarthy, according to whom the House would not add Harvey disaster funds to any debt ceiling bill, Dow Jones reports that Republican lawmakers are set to vote on the Harvey aid bill on Wednesday, and instead of raising the debt ceiling, they - or rather the Senate - will suspend it, likely kicking the can until some time in December when the whole farce would repeat itself again, although the exact length of the extension remains under discussion.

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What "Coordinated Recovery"? Global Negative Yielding Debt Hits One Year High Of $7.4 Trillion

Two weeks ago, we were surprised to find that despite the recent "growth promise" of what has been called a coordinated global recovery, the market value of bonds yielding less than 0% had quietly jumped by a quarter in just one month to the highest since October 2016.

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FEMA: "We're Going To Be There For Years" As Trump Visits Texas On Tuesday

In response to the historic flooding in Texas, the head of the Federal Emergency Management Agency (i.e. FEMA) was quoted by CNN saying that his agency is gearing up for a years-long effort to help the recovery from the damage wrought by Hurricane Harvey. "FEMA is going to be there for years," administrator Brock Long said Sunday on CNN's "State of the Union." He said that "this disaster is going to be a landmark event."

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