Posted in: Asian markets mixed as U.S. government debt talks push toward brink of default See in context
U.S. futures and crude oil prices also rose. President Joe Biden and House Speaker Kevin McCarthy had narrowed down a two-year budget deal that could lift the vote to lift the country's debt ceiling. Biden and McCarthy have expressed that they can bridge the gap between their positions. The two-year contract will be raised. In exchange for raising the legal debt limit, Republicans have demanded spending cuts that Democrats oppose.One comment said that banks have lost the ability to sell bonds on the government bond repo market and that people are running on banks because of the lack of money from the government. I wondered why they should be worried about sharing their misery ahead when they have to draw down savings to maintain liquidity.
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This isn’t the same ffs as before.
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