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03-06-2019, 09:58 AM
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Sage
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Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
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Quote:
Originally Posted by Bucco
To all you market gurus, what effect will this cause, if any..
"As of Saturday, the US has officially hit the debt ceiling, capping the national debt at just over $22 trillion. And while the deadline to raise the ceiling is still a few months away, analysts are already worried about a fight that could get ugly.
Congress suspended the debt ceiling for a year in February 2018, which allowed the US to rack up new debt until the limit was reimposed on March 2.
While the country can't add to the debt load until the ceiling is either raised or suspended by Congress, the Treasury Department can use its "extraordinary measures" to move funds around and prevent a breach of the ceiling for a few more months."
Debt ceiling hit, Trump, Congress have until fall deadline to raise it - Business Insider |
The effect: The market will go up and down.
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