In the annals of political farce, there are few spectacles as predictably absurd as the circus that is the debt-ceiling debate. With the U.S. economy and global financial markets hanging in the balance, our lawmakers have, yet again, managed to take us to the brink of economic catastrophe only to then step back, pat themselves…
In a crucial attempt to avoid an impending financial disaster, the White House and Republican congressional representatives are slated to reconvene today to strike a deal on lifting the government’s $31.4 trillion debt ceiling. Time is running out, with a financially catastrophic default looming a mere week away if a consensus isn’t reached. These deliberations…
The U.S. Federal Reserve (Fed) is grappling with a complex predicament as it endeavors to strike a balance between potential harmful consequences of interest rate increases on financial institutions and the immediate necessity to tackle soaring inflation, which is at its highest in several years. The outcome of this decision will greatly influence whether the…
In a recent projection from Wall Street giant Goldman Sachs, the U.S. Treasury Department may flood the market with as much as $700 billion in Treasury bills (T-bills) within weeks of a resolution to the ongoing debt ceiling issue. This move, aimed to replenish its cash reserves, could lead to significant fluctuations in market liquidity…
The potential US default remains a serious concern; however, there’s another often overlooked yet critical risk – the fallout from a deal to address the debt-ceiling standoff. Many market experts predict that lawmakers will find a solution to prevent a disastrous debt default, but the ripple effects of such a settlement shouldn’t be ignored. The…
As debt-ceiling negotiations and economic data point to potential challenges ahead, investors seek guidance to navigate the volatile market. Wall Street investing legend Steve Cohen, Chairman and CEO of Point72, has amassed a fortune through a high-risk/high-reward strategy. Monitoring Cohen’s latest stock purchases can provide valuable insights, and two of his recent positions have also…
The first meeting between President Biden and House Speaker Kevin McCarthy regarding the debt ceiling ended without reaching a deal, leaving both sides still far apart. However, subsequent discussions among aides have provided some hints about potential areas of compromise that could be on the table. One of the main areas of potential agreement revolves…