Week Debt Ceiling is resolved

Key Takeaways

  • After passing a convoluted road to raise the debt ceiling Congress will act this week.
  • Debt ceiling increase should remove risk until after 2022 elections
  • Senate Democrats stuck on Biden’s Build Back Better (BBB) with Machin still not on board.
  • Will expiring Child Tax Credit be engine that moves BBB?  Will inflation rise delay BBB past year end?
  • Chairman Powell hearings unlikely this year.

The big event in DC this week will be passing legislation to increase the d...

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