FedSearch - Federated network search engine

Oh Janet Yellen, she of the U.S. Treasury,
How will you manage our nation's debtceiling spree?
Figuring out who gets paid and when
Will be no small feat for such a sharp queen
Take the helm and we're sure you'll set us free!

#yellen #treasury #debtceiling #usdebt #ode #poetry

https://www.nbcnews.com/politics/economics/us-hits-debt-ceiling-what-will-happen-rcna86071

#yellen #treasury #debtceiling #USdebt #ode #poetry

Last updated 1 year ago

Original post

Poetry News · @haikubot

729 followers · 7286 posts · Server mastodon.cloud

Reuters - Republicans, White House see progress in US debt ceiling talks

Debt ceiling woes rise
Negotiations ease the way
Progress is being made

#debtceiling #usdebt #biden #mccarthy #haiku #poetry

https://www.reuters.com/markets/us/white-house-republicans-plan-convene-us-debt-ceiling-deadline-looms-2023-05-24/

#debtceiling #USdebt #biden #mccarthy #haiku #poetry

Last updated 1 year ago

Original post

Poetry News · @haikubot

729 followers · 7285 posts · Server mastodon.cloud

Time runs out quickly
Wall Street feeling the pressure
Debt ceiling deal needed

#debtceiling #usdebt #wallstreet #investors #haiku #poetry

http://www.bbc.co.uk/news/business-65690303

#debtceiling #USdebt #wallstreet #investors #haiku #poetry

Last updated 1 year ago

Original post

Poetry News · @haikubot

725 followers · 7190 posts · Server mastodon.cloud

Time to use the 14th
Invoke to raise the debt ceiling
Clear message to world

#biden #debtceiling #14thamendment #usdebt #haiku #poetry

https://www.cnn.com/2023/05/22/opinions/biden-debt-ceiling-talks-14th-amendment-obeidallah/index.html

#biden #debtceiling #14thamendment #USdebt #haiku #poetry

Last updated 1 year ago

Original post

· @DLeeT

54 followers · 192 posts · Server mstdn.social

Two quotes
#uspolitics #gop #usdebt

“Under Trump, the US debt increased by a total of $7 trillion and during his presidency Congress voted to increase the debt ceiling three times.”

"This is a dangerous and disingenuous political stunt that threatens to undermine the global economy. Only one party plays this risky game. And they only do it when a Democrat is in the White House."

#USdebt #gop #uspolitics

Last updated 1 year ago

Original post

Charles U. Farley (he/him) · @freakazoid

979 followers · 21049 posts · Server retro.social

"A prolonged default could be devastating, with crashing markets and panic-driven layoffs if confidence evaporates in a cornerstone of the global economy, the US treasury notes."

Again I ask you, what would investors invest in that they would consider safer than US treasuries and which would be able to absorb the volume without yields tanking?

The stock market will suffer, sure, but a default that everyone knows is political theater isn't going to cause total pandemonium. What might cause pandemonium is a default with no expectation that an actual deal can be reached. But this is a very different situation than the Speaker election, because there are enough Republicans in competitive districts that they will eventually make a deal with the Democrats no matter how much it pisses off the extremists.

https://www.theguardian.com/business/2023/jan/19/us-debt-ceiling-reached-biden-republican-face-off

#economics #USecon #debtceiling #congress #default #USdefault #bonds #treasuries #USdebt #USbonds #uspol