Paid Expecting a Debt Deal May 25, 2023 3 min read paid Our good friend Jim Lucier of Capital Alpha is one of the best Washington watchers we know. He has given us permission to share his latest thoughts on the debt ceiling issue with you. His basic message is that this too shall pass. Here are some of his main points from his commentary today: (1) We think that House Speaker Kevin McCarthy (R-CA) will be able to round up fully Ed Yardeni
Paid Progress In Debt Ceiling Talks Lifts Stock Prices May 17, 2023 2 min read paid Stock prices are up this morning on news that both the Democrats and the Republicans want to get a deal done on the debt ceiling issue. “I think at the end of the day we do not have a debt default,” House Speaker Kevin McCarthy told CNBC in a “Squawk Box” interview this morning. President Joe Biden echoed that sentiment later in remarks from the White House: “We’re going Ed Yardeni
Paid Yellen's Drop Dead Date May 11, 2023 2 min read paid Treasury Secretary Janet L. Yellen said on Monday, May 1 that the United States could run out of money to pay its bills by June 1 if Congress does not raise or suspend the debt limit, putting pressure on President Biden and lawmakers to reach a swift agreement to avoid defaulting on the nation’s debt. In a letter to House Speaker Kevin McCarthy, she wrote: "After reviewing recent Ed Yardeni
