Republicans will still have to deal with the debt ceiling in 2025. Here’s what you need to know | Crypto Craft

  • Republicans will still have to deal with the debt ceiling in 2025. Here’s what you need to know

    From edition.cnn.com

    Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish. Addressing the debt ceiling, which will be reinstated on January 2, is still on the list of congressional Republicans’ New Year’s resolutions. The House last week fell far short of passing a two-year extension of the suspension of the limit as part of a GOP-led government spending bill. Congress ultimately passed a package to fund the federal government into mid-March that did not include Trump’s demand to deal with the debt ceiling. Trump had hoped to address the debt ceiling now ... (full story)

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Koforex1
Jan 10, 2025 1:04am
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British Pound Declines, Borrowing Costs Reach Record Highs

The British pound dropped to $1.226, its lowest level in more than a year, while borrowing costs surged to a 16-year high. Treasury Minister Darren Jones reassured that no emergency measures were needed, emphasizing that market trends were part of broader global economic dynamics.

Economists are concerned that rising interest payments on government debt could leave less room for public spending, potentially necessitating tax hikes or budget cuts. The UK economy has been under pressure, with stagnant growth and rising inflation impacting fiscal policies.
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Koforex1
Dec 27, 2024 8:04am
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At this point Btc is expected to fall as the US approach their dept ceiling limit
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