Congress Acts on Debt Ceiling

Late Thursday night the Senate followed the bipartisan lead of the House and passed the debt and budget deal that had been negotiated by President Biden and Speaker McCarthy. On Wednesday the House passed the bill on a vote of 314 to 117 and the Senate then acted on a vote of 63 to 36. 

The average observer might ask: Once the Senate has passed bill, why can't the President just sign it?

A little-known fact is that once Congress passes a bill it needs to be "engrossed," which is the ...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Sign in to read the report!

We’ve detected that you have an active subscription!

Ray: 762896-8f6187-eb4926-f506a5-43e21b

Events

Trending tickers in our research