Feeling flush? Americans can Venmo government to help pay off US debt

Method of payment a recent addition as US treasury gives kind-hearted citizens chance to help reduce $36.72tn debt

The Guardian
US debt ceiling and quantitative tightening policies intertwine, potentially disrupting financial markets and raising concerns about liquidity and credit risks
#YonhapInfomax #USDebtCeiling #QuantitativeTightening #FederalReserve #TreasuryDepartment #FinancialMarkets #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53005
[Han Yong Lee's Globe]US Debt Ceiling and Quantitative Tightening

US debt ceiling and quantitative tightening policies intertwine, potentially disrupting financial markets and raising concerns about liquidity and credit risks

Yonhap Infomax
US debt ceiling: Republican hard-right vows to ‘do everything in our power’ to oppose bill

Freedom caucus denounces House leader Kevin McCarthy’s deal with Joe Biden to raise the debt ceiling before the default deadline

The Guardian

Oil prices took a dive
Amid debt ceiling jive
OPEC+'s mixed messages made
The outlook somewhat faint,
So prices took a rather large plunge

#oil #usdebtceiling #opecplus #priceslump #limerick #poetry

https://www.reuters.com/business/energy/oil-rises-us-debt-deal-rate-hikes-opec-talks-curb-enthusiasm-2023-05-30/

Oil falls on US debt deal struggles, OPEC+ talks uncertainty

Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market's risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend.

Reuters

The same politicians who swore they were only concerned for the educational and emotional well-being of children when they were herding them back into infected classrooms are now taking an axe to public education.

#USDebtCeiling #USBudget #SocialCuts

https://www.wsws.org/en/articles/2023/05/31/iyhr-m31.html

US budget deal will accelerate savage cuts to public education

Given the impact of inflation, the cap on spending to 2023 levels will mean a cut in billions of real dollars to already cash-strapped school districts.

World Socialist Web Site

We owe a debt, a massive debt,
A number we can’t easily forget.
Our leaders have now made a deal
To raise our ceiling, squash the squeal.
We’ll cap spending unless it’s for the military and veterans
To ensure our country’s finances will get better, not worsen.

#usdebtceiling #biden #mccarthy #military #veterans #ode #poetry

https://www.reuters.com/world/us/biden-mccarthy-looking-close-us-debt-ceiling-deal-two-years-2023-05-26/

Biden sounds hopeful on debt ceiling, Treasury warns of June 5 default

Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government's $31.4 trillion debt ceiling after the Treasury Department warned that a June 5 default loomed without action.

Reuters

Matt Gaetz Admits Republicans Are Holding America “Hostage” Over Debt Ceiling: The Florida representative literally said the quiet part out loud.

https://newrepublic.com/post/172946/matt-gaetz-admits-republicans-holding-america-hostage-debt-ceiling

#NewRepublic #MattGaetzDebtCeiling #RepublicanHostage #USDebtCeiling #PoliticalStalemate #GovernmentShutdownThreat #Politics #News

Matt Gaetz Admits Republicans Are Holding America “Hostage” Over Debt Ceiling

The Florida representative literally said the quiet part out loud.

The New Republic
@drrjv #USInequality has already surpassed a hundred year high. What some amoung the rich and many of the republicans want is to be able to better exploit the poor. The current #USDebtCeiling crisis is easily in the list of most pressing world issues. #USDebt #USDebtCeilingCrisis #GOP #Democrats
New bill would block pay for Congress if U.S. hits debt ceiling

A new bipartisan bill set to be unveiled Thursday would block members of Congress from getting paid if the U.S. enters debt default or if the government shuts down.

NBC News
The last time the US approached a default on its debts, in 2011, it lost its AAA bond rating (which it never regained), the stock market lost 17% of its value for more than a year, heightened uncertainty from this crisis resulted in 1.2M fewer jobs, & there was a $180B smaller economy—dire impacts that occurred even w/o an actual default. #usdebtceiling
#default #HeatherCoxRichardson
https://heathercoxrichardson.substack.com/p/may-16-2023
May 16, 2023

Ukraine president Volodymyr Zelensky has been on a tour of visits with European leaders. On May 13 he met with Pope Francis, who offered help finding the Ukrainian children kidnapped by the Russians and returning them to Ukraine, and with Italian Prime Minister Giorgia Meloni. The next day he met with German chancellor Olaf Scholz before flying to France to meet with President Emmanuel Macron. On Monday, Zelensky made a surprise visit to the United Kingdom, where he met with Prime Minister Rishi Sunak.

Letters from an American