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The new debt ceiling deal would resume student loan payments on July 31st if it passes on Wednesday.
This is 1 month sooner than the previously announced date of August 30th.
Currently, there are $1.6 trillion in student loans.
Payments have been suspended since 2020.
Student loan payments will generate $5 billion in interest per MONTH.
This is on top of record credit card debt and interest rates.
The debt crisis is worsening.
$Dow Jones Industrial Average(.DJI.US$$SPDR S&P 500 ETF(SPY.US$$Nasdaq Composite Index(.IXIC.US$$S&P 500 Index(.SPX.US$$Invesco QQQ Trust(QQQ.US$$Apple(AAPL.US$$Tesla(TSLA.US$
This is 1 month sooner than the previously announced date of August 30th.
Currently, there are $1.6 trillion in student loans.
Payments have been suspended since 2020.
Student loan payments will generate $5 billion in interest per MONTH.
This is on top of record credit card debt and interest rates.
The debt crisis is worsening.
$Dow Jones Industrial Average(.DJI.US$$SPDR S&P 500 ETF(SPY.US$$Nasdaq Composite Index(.IXIC.US$$S&P 500 Index(.SPX.US$$Invesco QQQ Trust(QQQ.US$$Apple(AAPL.US$$Tesla(TSLA.US$
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Shares struggle as bond markets reprice rate expectations
Borrowing costs in government bond markets rose and share markets stalled on Thursday after a surprise interest rate hike in Canada gave investors their second reminder of the week that the surge in global interest rates isn’t done yet.
Asian markets had struggled overnight and the cautious mood continued with U.S. traders expecting a muted start there later and London's FTSE, Germany's DAX and France's CAC40 all having largely uneventfu...
Asian markets had struggled overnight and the cautious mood continued with U.S. traders expecting a muted start there later and London's FTSE, Germany's DAX and France's CAC40 all having largely uneventfu...
Is a debt ceiling solution necessarily a good thing for SOFI?
The debt ceiling and interest rate hikes were two of the major market concerns in early June, with the debt ceiling bill having passed the House and Senate, and the implied probability of no rate hike rising to 75% in June, with many Fed officials, including the president of the Federal Reserve Bank of Philadelphia, calling for skipping rate hikes
As traders raised expectations that the Federal Open Market Committee will not raise inte...
As traders raised expectations that the Federal Open Market Committee will not raise inte...
ColumnsDow falls as Salesforce slide tempers debt deal cheer
The Dow fell on Thursday after dismal earnings from Salesforce (NYSE:CRM) tempered optimism sparked by passage of a bill by lawmakers to suspend the nation's debt ceiling and bets that the Federal Reserve will skip raising interest rates in its next meeting.
The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the meas...
The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the meas...
ColumnsUp over 20% year-to-date, can NASDAQ continue to rise up?
The recent performance of the US stock market has been strong, with repeated new highs. In particular, the $Nasdaq Composite Index(.IXIC.US$ has risen nearly 24% since the beginning of the year.
It's worth noting that US bond yields have been rising recently, with the $U.S. 10-Year Treasury Notes Yield(US10Y.BD$ surpassing 3.8%. Worries about high inflation, interest rate hikes, recession, debt ceiling, and banking problems continue to ar...
It's worth noting that US bond yields have been rising recently, with the $U.S. 10-Year Treasury Notes Yield(US10Y.BD$ surpassing 3.8%. Worries about high inflation, interest rate hikes, recession, debt ceiling, and banking problems continue to ar...
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Debt limit deal clears key hurdle ahead of final House vote
Quote:
House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership.
In a win for McCarthy, the bill cleared a key hurdle Tuesday evening when the powerful House Rules Committee voted 7-6 to advance the debt ceiling bill to the floor. The bill will come to floor Wednesday for debate and a final passage vote before it goes ...
House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership.
In a win for McCarthy, the bill cleared a key hurdle Tuesday evening when the powerful House Rules Committee voted 7-6 to advance the debt ceiling bill to the floor. The bill will come to floor Wednesday for debate and a final passage vote before it goes ...
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They wont pass the debt ceiling raise...
This post is satire by the way.
Citadel has too much to gain, they don't have to cover if theres no market right? Implode the dollar and markets gone. Haven't Citadel been short treasury bonds basically short selling the dollar. I think Kenny paid off a few politicians at their last builder berg meeting. Just saying they dont have to cover if theres no market to cover in. Make the dollar go worthless and naturally the price of most stocks will fall relativ...
Citadel has too much to gain, they don't have to cover if theres no market right? Implode the dollar and markets gone. Haven't Citadel been short treasury bonds basically short selling the dollar. I think Kenny paid off a few politicians at their last builder berg meeting. Just saying they dont have to cover if theres no market to cover in. Make the dollar go worthless and naturally the price of most stocks will fall relativ...
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