The agreement announced on Saturday by President Biden and House Speaker McCarthy that outlines a debt-ceiling deal may prove to be the easy part. The struggle to avert a US government default this week now turns to the tricky path of navigating the legislation through both houses of Congress.
Daily Archives: May 30, 2023
Macro Briefing: 30 May 2023
* Biden and McCarthy look for votes to pass debt-ceiling bill
* Debt-ceiling deal, if passed, will be a new headwind for US economy
* Moscow attacked by drones as Russia bombs Ukraine capital for third day
* Nato troops injured in clashes with Serbs in Kosovo
* Biden and newly re-elected Turkish President talk F-16s, Sweden’s NATO bid
* N. Korea says it will launch satellites for real-time monitoring of US and allies
* China’s fading recovery highlights long-building economic risks
* Markets are downgrading expectations that a pause in rate hikes is near
* Small-cap stocks appear to be pricing in a recession:
