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These Senators Voted Against Debt Ceiling Bill As Biden Says 'I Look Forward To Signing' It Into Law
Friday, June 2, 2023 - 12:33am | 804President Joe Biden announced that he is looking forward to signing the debt ceiling bill into law after the Senate passed the bipartisan deal on Thursday, despite 5 Democrats and 31 Republicans voting against it. What Happened: Just days ahead of the fast-approaching fiscal...
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Treasury's Debt Ceiling Acrobatics Can Now End After Bill Sails Through The Senate
Thursday, June 1, 2023 - 11:55pm | 377Dwindling cash reserves were reportedly forcing the Treasury Department to adopt fresh maneuvers almost on a daily basis. However, with the passage of the bill in the Senate, the Treasury can now heave a sigh of relief. The legislation was cleared on Thursday night with 63 votes in favor and 36...
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Senate Passes Debt Ceiling Bill — Biden's Signature Will Seal The Deal
Thursday, June 1, 2023 - 11:06pm | 425The Senate on Thursday night cleared the debt ceiling bill with 63 votes in favor of the legislation and 36 votes against it. Both parties acknowledged that although the deal negotiated by House Speaker Kevin McCarthy and President Joe Biden was far from perfect, it was necessary to avoid a...
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Down To The Wire: How The Senate's Debt Ceiling Vote Could Play Out
Thursday, June 1, 2023 - 11:22am | 436With the Senate racing the clock to pass the debt ceiling bill before a looming June 5 deadline, the U.S. could potentially face an economically catastrophic default if the legislation does not reach President Joe Biden’s desk in time. The bill’s journey through the Senate needs to be...
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How Oil Markets Reacted After House Cleared Debt Ceiling Bill: Crucial Data Due On Thursday
Thursday, June 1, 2023 - 2:57am | 473Oil prices rose during Thursday afternoon Asian trade after the passage of the debt ceiling bill in the House brought relief to traders. West Texas Intermediate futures maturing in July were trading 0.6% higher at $68.6 per barrel, at the time of writing. Another factor that helped lift prices was...
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Sanders Vows To Oppose Biden's Debt Deal In Senate Vote: 'It Could Have Been Much Worse'
Thursday, June 1, 2023 - 12:57am | 423Sen. Bernie Sanders (I-VT) on Wednesday vowed to vote against House Speaker Kevin McCarthy and President Joe Biden‘s debt-ceiling deal. What Happened: As the deal to raise the national borrowing limit advanced to the Senate, after receiving overwhelming support at the House, Sanders said he...
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Ray Dalio Shrugs Off Debt Ceiling Deal But Praises Bipartisanship: 'The Middle Held Together Against The Extremists'
Wednesday, May 31, 2023 - 11:06pm | 421Billionaire investor Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, said the debt ceiling deal won't make much difference given that the U.S. government is adding too much to a pile of debt that is already too large. Dalio rated the debt problem ‘Grade D' in his...
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Hurrah! House Passes Debt Ceiling Deal: Biden Urges Senate To Pass Legislation Quickly
Wednesday, May 31, 2023 - 9:34pm | 515The House passed the debt ceiling deal on Wednesday night with a total of 314 votes in favor of the bill and 117 votes against it, according to latest data available at the time of writing. The bill now moves on to Senate. At the time of publication, 165 Democrats voted in favor of the bill while...
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Jolted By JOLTS: Stock Market Sinks, Dollar And Treasuries Gain As Job Vacancies Surge, Fueling Fed Rate Hike Fears
Wednesday, May 31, 2023 - 1:30pm | 1464The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million. This development has reinforced market speculation of the Federal Reserve enacting another...
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Debt Ceiling Agreement Have Any More Fuel For The S&P ($SPX)?
Wednesday, May 31, 2023 - 11:29am | 250We have been discussing the possibility of an Elliott Wave triangle overshoot in the most recent run-up. Whether it is actually a triangle or a different type of wave B is to be determined but there is a level of interest, despite the possibility of finishing the month green. From the all-...
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US Dollar Rises To 10-Week Peak With Debt Ceiling Breakthrough, Rate Hike Buzz: Crucial House Vote Wednesday
Wednesday, May 31, 2023 - 8:38am | 407The U.S. dollar has soared to levels unseen since mid-March, fueled by encouraging progress on the debt ceiling deal and mounting expectations of impending Federal Reserve interest rate hikes. The debt limit deal cleared the major hurdle of the House Rules Committee on Tuesday, in a 7-6...
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Mohamed El-Erian Says Economic Growth Best Response To Debt Issue: 'My biggest worry is…'
Wednesday, May 31, 2023 - 1:28am | 443Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said the best response to a debt issue is economic growth. "…my biggest worry is this whole saga has done three things that actually undermine economic growth. One, it has diverted the attention of Congress for...
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Ron DeSantis Mocks Joe Biden's 'Vacation' Presidency, Says Leadership Not About 'Virtue Signaling' But 'Delivering Results'
Wednesday, May 31, 2023 - 12:20am | 553Florida Governor Ron DeSantis held his first presidential campaign in Iowa, where he criticized President Joe Biden's debt ceiling deal with House Speaker Kevin McCarthy. What Happened: Speaking to a packed crowd at the Eternity Church in Clive, DeSantis humorously suggested that Biden's time in...
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Rand Paul Announces Conservative Alternative To Biden-McCarthy Debt Ceiling Deal — Here's What The Senator Proposes
Tuesday, May 30, 2023 - 11:35pm | 376Just a day before the debt ceiling bill is scheduled to hit the floor, Sen. Rand Paul (R-KY) announced his conservative alternative to the deal agreed to by President Joe Biden and House Speaker Kevin McCarthy. The alternative will be offered as an amendment to the so-called "Fiscal Responsibility...
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Powerful House Committee Clears Debt Ceiling Bill To Floor — Hakeem Jeffries Confident It Will Sail Through House
Tuesday, May 30, 2023 - 10:55pm | 395In a win for House Speaker Kevin McCarthy, the debt ceiling bill surpassed an important hurdle on Tuesday evening as the powerful House Rules Committee reportedly voted seven to six to advance the bill to the floor. The bill will hit the floor Wednesday for debate and a final passage vote before it...