The US Government may be running out of money! Will the stock market panic?
The republican and the democrats have been negotiating raising the debt ceiling for the past month. The problem is that time is ticking and we are closer to running out of money to pay our national debt.
The main negotiation is that the Democrats want a higher spending limit. On the other hand, the Republicans want to cut government spending because higher government spending means higher taxes on individuals and corporations.
With that being said, this is not the first time that the Democrats and Republicans negotiate over the debt ceiling. We have seen this before, and they always come to an agreement. I'm hopeful that we will see an agreement soon which should stabilize the bond yields and the stock market for the time being.
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