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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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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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What you need to know today
U.S. President Joe Biden and House Speaker Kevin McCarthy might have reached a deal Sunday to raise the U.S. $31.4 trillion debt ceiling, but a handful of hard-right Republican lawmakers said on Monday they would oppose the deal, in a sign that the bipartisan agreement could face a rocky path through Congress before the U.S. runs out of money next week.Central to the deal are general spending caps until 2024 and lower funding for the Internal Revenue Service.
U.S. a...3
I guess the solution to the debt ceiling crisis is "we'll actually figure it out in 2 years"
$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$
$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$
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The debt ceiling deal is going to accelerate market down fall.
The debt ceiling agreement includes a provision that restarts student loan repayment 60 days after the bill is signed. This is going to suck money out of millions of Americans who haven't paid student loans for 3 years. This is significant considering student loan repayment cannot be circumvented as they will go after your wages and garnish it.
The average America consumer is already scraping by due to high inflation. The student loan...
The average America consumer is already scraping by due to high inflation. The student loan...
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Bitcoin Rises Past $28K on Debt Ceiling Deal
Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.
China didn't say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.
$Bitcoin(BTC.CC$$Ethereum(ETH.CC$$Dogecoin(DOGE.CC$$Nasdaq Composite Index(.IXIC.US$$Coinbase(COIN.US$
China didn't say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.
$Bitcoin(BTC.CC$$Ethereum(ETH.CC$$Dogecoin(DOGE.CC$$Nasdaq Composite Index(.IXIC.US$$Coinbase(COIN.US$
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