Monthly Archives: May 2023
Biden-McCarthy Talks Productive
Written on May 23, 2023 at 5:59 am, by lishitong
Both President Biden and the House Speaker claimed that yesterday’s meeting on the debt-limit bill has a productive outcome but both parties are yet to come to an agreement. Meanwhile, U.S. treasury secretary Janet Yellen, reiterated that the department will run out of cash in early June. The dollar index has strengthened and is poisedContinue Reading
Debt-Limit Talks Resume
Written on May 22, 2023 at 5:58 am, by lishitong
After a brief setback in debt ceiling talks, US President Joe Biden is set to resume discussions with Kevin McCarthy President Biden is scheduled to resume discussions on the debt limit with House Speaker Kevin McCarthy on Monday, following his participation in the G-7 Summit. The dollar index reached its highest level since March beforeContinue Reading
Optimism Showed About Debt Ceiling Between Biden and McCarthy
Written on May 22, 2023 at 5:04 am, by lishitong
House Speaker Kevin McCarthy was optimistic that congressional negotiators could reach a deal to raise or suspend the debt ceiling in time. The focus on resolving the debt limit issue overshadowed macroeconomic data as the June 1 deadline approached. McCarthy’s positive outlook came after a meeting at the White House and the involvement of trustedContinue Reading
