The debt limit fight is beginning to stress out the market

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Some market indicators are starting to get nervous about the debt limit. Nightly reports 👇

Speaker of the House Kevin McCarthy and Senate Minority Leader Mitch McConnell walk to speak to the media after meeting with President Joe Biden at the White House. | Win McNamee/Getty Imagesright now, it doesn’t appear that investors have any concern at all over the fact that the United States could default on its debt for the first time in history early next month., even short-term ones, are not spiking. When investors sense impending disaster like this they usually dump U.S.

So while the most visible areas of the market seem to be taking the view that the drama will end the way it usually does — with some last-second, buzzer beating deal — less immediately visible indicators show rising concern.given a postponement in top-level talks and no obvious path to a deal.— created during World War I to free up the U.S.

Officials in the White House and Treasury Department are very quietly trying to craft such a counter to the McCarthy bill that could win majorities in the GOP House, the Democratic Senate and wind up with President Joe Biden’s signature.

 

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