The U.S. kicked the can down the road. Will the Gov. stay op...

The U.S. kicked the can down the road. Will the Gov. stay open?

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The Democratic-controlled U.S. Senate approved a short-term funding measure that prevents a government shutdown this weekend, after the Repu Show More

The Democratic-controlled U.S. Senate approved a short-term funding measure that prevents a government shutdown this weekend, after the Republican-controlled House of Representatives gave its OK on Tuesday. The deadline for a shutdown is Nov. 17. President Biden is expected to sign the bill soon to keep the government open until Jan. 19, the new deadline for a long-term budget deal to avoid a shutdown for the rest the government's fiscal year.

Moody's downgraded the U.S. outlook from stable to negative while previously confirming an Aaa rating. Moody's states that the downside risks to the fiscal strength of the United States have increased. As of Thursday's close, the three major indices showed mixed changes.

🎙️Q:

1. Are you Bearish or Bullish that the U.S. lawmakers can agree on anything come Jan. 19?

2. After the recent rebound, the U.S. stock market has started to weaken. How did you deal with your portfolio?

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Ralph Caruthers

Nov 17, 2023 10:48

I believe that Warren Buffet said it best, I paraphrase. If the GDP is 3%or more, the entire House and Senate are not eligible for reelection.
In my opinion, they should all be paid less and should pay for the same insurance as everyday citizens.
If any member gets even a penny from any special interest group or lobbyists, they are removed immediately.
If any member has stocks and/or bonds before they take office, it should be left there or can be sold. After taking their oaths, they can not bu...

The U.S. kicked the can down the road. Will the Gov. stay open?