Debt Ceiling, State of the Union As New Congress Starts

Friday was a busy day for letters to and from Speaker McCarthy. The Speaker wrote a letter to the President inviting him to appear before a joint session of Congress on February 7 to deliver the annual State of the Union address. It will be a night of high drama as it will be Biden’s first appearance before a divided Congress. From the budget to Ukraine there will be much for the President to address.

The second letter was to Speaker McCarthy from Treasury Secretary Yellen advising him the...

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