Debt Ceiling and FOMC Lead Week

Last week, Treasury Secretary Janet Yellen surprised markets and political leaders when she informed Congress that the X Date for Treasury funding may be as early as June 1.  This leaves only three weeks for Washington to find an exit strategy for the government hitting the statutory debt ceiling.

Under Speaker McCarthy, the House Republicans were able to eke out a one-vote victory on their debt ceiling/spending plan.  The Republicans' bill would increase the debt ceiling by $1.5T ...

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