Bond prices didn’t budge after President Trump and congressional leaders agreed to extend the federal government’s debt limit, indicating that Wall Street bond vigilantes have morphed into deficit patsies. tombuerkle
President Donald Trump and U.S. congressional leaders reached an agreement on July 22 to extend the nation’s debt limit for two years and raise federal spending levels for the next two years.
Under the deal, the U.S. Treasury’s borrowing authority would be extended through July 31, 2021. Without the extension, the government could run up against its borrowing limit before Sept. 9, potentially triggering a default on the country’s debt. The deal will increase federal spending on discretionary programs to $1.37 trillion in the fiscal year beginning Oct. 1 from $1.32 trillion this year, and by roughly an additional $5 billion in the following year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deficit Don? Red ink gushes in Trump eraTrump may have to hand out some new nicknames — for himself — after endorsing a bipartisan budget deal with Congress: “Trillion Dollar Trump?” “Deficit Don?”
Read more »
Trump budget deal projects deficit and spending increase - CNN VideoCNN's John King looks at how the budget deal struck by congress and supported by President Donald Trump will continue the increase in the budget deficit and discretionary spending..
Read more »
Brad Pitt and Leonardo DiCaprio Are Bonding Through Their Love of SculptureBrad Pitt and Leonardo DiCaprio Are Reportedly Bonding Through Their Love of Sculpture
Read more »
Brad Pitt and Leonardo DiCaprio Are Bonding Over Pottery“Leo brings sandwiches over from their favorite place, Fat Sal’s, and they spend their boys’ nights creating art until the early hours”
Read more »
James Bond and The Fly actor David Hedison dies at 92Actor David Hedison, best known for starring in Live and Let Die, Voyage to the Bottom of the Sea and License to Kill has died
Read more »
David Hedison, Felix Leiter in two James Bond films, has died
Read more »