US media reports: Republicans begin considering raising the debt ceiling again as midterm elections approach.
1 hours ago
According to Politico, U.S. Republicans raised the debt ceiling by $5 trillion last year. Now, they are already considering how to avoid falling back into a "fiscal cliff" during Trump’s term. Independent forecasting agencies project that the U.S. will reach "X Date"—the final deadline to avert a U.S. debt default—between next summer and early 2028, a period that coincides with the intensification of the presidential primary season. Two sources familiar with the matter said that to avoid high-stakes negotiations with Democrats, White House officials have privately proposed raising the U.S. debt ceiling of $41.1 trillion via a partisan spending bill that many Republicans hope to pass ahead of the November midterm elections. If Republicans lose control of either chamber of Congress in the upcoming midterms, this move could save Trump significant trouble, as Democrats will in any case demand concessions in bipartisan negotiations to prevent an unprecedented national debt default—with the total national debt currently nearing $39.7 trillion.
The Federal Reserve held interest rates steady.
9 minutes ago
FOMC Statement: The interest rate decision was approved by a 9-3 vote.
9 minutes ago
Three Federal Reserve officials – Harker, Kashkari, and Logan – cast dissenting votes against interest rate hikes.
9 minutes ago
Following the release of the interest rate decision, the overall crypto market rebounded, spot gold rose in the short term, and the US Dollar Index declined.
9 minutes ago
Fed's Official Announcement: Federal Reserve holds interest rates steady in a 9-3 vote, marking the first time since 2016 that three unanimous dissenting votes were recorded.
9 minutes ago
The interest rate swap market is no longer fully pricing in September interest rate hike expectations.
9 minutes ago
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