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Government Corruption
US debt ceiling agreement to be adopted 'in the coming days or hours'
2023-05-28
Direct Translation via Google Translate. Edited.

Washington , May 27, 2023, 19:34 - IA Regnum. An agreement to raise the national debt ceiling and prevent default could be reached " in the next few hours or days," NBC Republican Majority Negotiator Patrick McHenry said on May 27.

“You know, this is not how I imagined the last hours or days. But we have come to a very narrow set of issues that are left to sort out," he said.

McHenry noted that negotiating groups continue to work over the weekend. " We're all tired, but that doesn't mean we're ready to accept an unacceptable offer."

Earlier, the US Treasury moved the date of possible default from June 1 to June 5. Department head Janet Yellen urged Congress to resolve the issue of the national debt ceiling as soon as possible.

As IA Regnum reported , the IMF urged the US Congress to immediately raise the national debt ceiling due to the fact that the current situation could create additional risks for the US and global economy.

Economists at Goldman Sach said earlier that they estimated the US Treasury Department's reserves would run out by June 9th.

The debt of the United States at the end of last year amounted to 31.42 trillion dollars, the next 13 countries in the world list owed a total of 31.4 trillion dollars. At the same time, Russia's public debt for 2022 amounted to about $295 billion, which is 107 times less than the American one, 33 times less than the Japanese one, and 13 times less than the Chinese one.

Posted by:badanov

#6  To me it seems like a cave. If it clears the agenda for some real Congressional action against the Biden family, FBI/DOJ and HSA, I will be less ticked. The rest of the debt ceiling pillow fight will just be determining who needs a primary challenger.
Posted by: Super Hose   2023-05-28 17:33  

#5  @#2 - Yellen is a harridan and a scoundrel, and some say her hubby is a Commie.

But say what you want about Fed Chairman Jerome Powell, but how many people at the Fed or Treasury actually have real-world experience in investment banking? Nothing but eggheads with Ph.D.'s but no experience in the private sector.

Yellen was a labor statistician who came through the ranks all the way to Davos.
Posted by: DooDahMan   2023-05-28 15:21  

#4  Washington Examiner report on this is here
Posted by: lord garth   2023-05-28 09:33  

#3  report by Hotair here

Seems the Republicans got about 60-70% of what they wanted.

One problem if they got a tight spending ceiling is that it would likely lead to a budget bust earlier. This happened back in the Obama years when the sequester mechanism was killed by Republicans with spending agenda.
Posted by: lord garth   2023-05-28 08:27  

#2  Replacing Janet Yeltin with Paris Hilton would be an upgrade across the board. We need someone running treasury that understands what it takes to make a venture economically successful.
Posted by: Super Hose   2023-05-28 08:26  

#1  Dems will renege and fuck this up and screw the pooch somehow. In addition, there has been zero interest in the national debt and Federal spending thingies as long as I've been alive from either party; we might as well go titzup financially on Biden's watch.
Posted by: Raj   2023-05-28 00:24  

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