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U.S. Senate's Schumer announces agreement to extend debt ceiling until early December

Published 10/07/2021, 10:37 AM
Updated 10/07/2021, 10:41 AM
© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., September 28, 2021. REUTERS/Elizabeth Frantz

WASHINGTON (Reuters) - U.S. Senate Majority Leader Chuck Schumer said Thursday lawmakers have reached an agreement to extend the country's debt ceiling through early December.

Latest comments

This is very good
good job making the bubble bigger
Extension of an extension.
Increasing debt ceiling with no clarity of repayment is like giving more air to Bubble
now all of them should save already two chinese real estate companies
The USA will collapse within 10 years
and supplementing with chikd care tax credits. Must be. Nice being paid tomhave xhildren
hur 10 years. 10 years a lot of things will be gone haha
that’s a good thing if it’s true, but it’s a drop in the bucket. The real problem is excessive regulation and punitive taxation. Together they are destroying GDP at a rate of 20% per year.
hi
The debt ceiling is increased, but yet our politicians want to spend trillions of dollars we do not have. Continuing to spend money we do not have is not sustainable.
What you and others need to explain is WHY it is not sustainable. You need to explain that TAKING from one citizen to give to another by taxing the wealthy more OR borrowing from future citizens is a ponzi scheme based on brute force in the former, and fraud in the latter.
my mistake👍
So your plan to cut taxes to zero for the wealthy, is that what you are saying?
The democrats would have never done this if the shoe was on the other foot… why do republicans always cave??
because they're Republicans they're not conservatives where have you been
Because they both agree that government is
Because they both agree on the idea that government should be free to act on their personal moral code (which is altruism) and that citizens are obligated to comply.
Market should crash,US economy really in trouble.
Thanks for the tip
Soon. US people hv no money to buy food and rent a home now.
Waiting on NFP.. this will a heads up for gold departing to moon...
what is nfp?
lol
None Farm Payrolls. And Riza doesn’t know what he is talking about. If you watch the weekly employment numbers you would know what NFP will be…and that the number is already priced into the markets.
so instead of paying back they are raising debt limit😶🤐
Because there is no way in heck the US can ever pay it back. Never...
Cant step down, higher and higher debt ceiling including Fed B/S also no way out to decrease, 555 Mega Crisis for ICU patient is coming soon.
You need to make the argument, the truth of your statement is not obvious.
Sounds like college kids asking their professors to push back their project due date
…lol…and we citizens keep saying yes.
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