It is the 21st of November 2019

News

It's Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day

Following President Trump's sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats' votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago  and which meant that US federal debt would be at roughly $19.808 trillion for months.

Read More

Republicans Furious As Trump Sides With Democrats On Debt Limit Extension

It appears President Trump has found a new ally in Congress: the Democrats whose plan - derided earlier by Paul Ryan - to keep any 'fix' for the debt-ceiling, short-term; was approved over the Republicans' howls of objection. As The Hill reports, President Trump agreed with top congressional Democrats at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. despite objections from virtually all GOP leaders. 

Read More

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.

Read More

In Early Concession, Trump Plans Meeting With GOP, Democrat Leaders

In what appears to be the first major concession to Congressional Republican (and Democrat) leaders from the confrontational, "post-Phoenix rally" Trump, whose vow to "build that Wall" even if it means shutting down the government has spooked markets and sent Oct 12 T-Bill yields surging, Politico reports that the president is quietly organizing a meeting with McConnell and Ryan as well as Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi shortly after the August recess ends. The key topics of conversation will be avoiding a federal default and a government shutdown.

Read More

Nasdaq Limps To Best Run Since Feb 2015 As Bitcoin Surges Most In 13 Months

Despite Bank of Japan and ECB talk, and thanks to a tanking VIX, the new normal of utter tranquility in markets continued...

Read More

Featured Apps