(Kyle Becker) The Truman Show presidency continued on Wednesday, as President Biden gave an address before a fake set on raising the debt ceiling and other aspects of the White House’s legislative agenda.
Debt Ceiling
Democrat-Controlled House Votes 219-212 to Suspend Debt Ceiling Through December 2022
(Cristina Laila) The Democrat-controlled House of Representatives on Wednesday voted 219-212 to suspend the debt ceiling through December 16, 2022.
Yellen Says Debt Ceiling “Drop-Dead Date” Is October 18
(Tyler Durden) One day after NY Fed president John Williams (who apparently was not daytrading stonks and has not resigned unlike his Boston and Dallas Fed pals) warned of an “extreme” market backlash if the US debt ceiling is not raised (hitting even FOMC members’ wealth!) and just hours after Republican Senators blocked a Democratic Bill to raise it as was widely expected, this morning Janet Yellen sent yet another letter to Nancy Pelosi urging her in no uncertain terms to raise the debt ceiling.