/biz/ - Business & Finance

>>54989035
>BIDEN HAS DECIDED TO RETURN TO THE U.S. ON SUNDAY, IMMEDIATELY FOLLOWING THE COMPLETION OF THE G7, "TO ENSURE CONGRESS TAKES ACTION BY THE DEADLINE TO AVERT DEFAULT - SOURCE FAMILIAR WITH THE PLANS CITED BY NBC REPORTER ON TWITTER.

You mean people were hyperventilating over nothing and assumed politicians were automatons? Quelle surprise.

>Biden Debt Ceiling Meeting With McCarthy Pushed To Next Week

>>54912469
Even if nobody adjusts their schedules, they've got another week of negotiating and grandstanding. Then default is only *possible* June 1st and later, the TGA with its outflows and inflows is a fickle beast.

>>54908022
If a deal doesn't get hammered out in DC the next couple weeks, wait until June 1st, then check this at the end of every day: https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance

>>54899965
Amazingly S&P is a holdout, still giving us a AA+. https://tradingeconomics.com/united-states/rating

MSFT and JNJ are actually AAA's. https://www.investors.com/etfs-and-funds/sectors/sp500-companies-cling-to-aaa-rating-as-u-s-risks-being-a-deadbeat/

Then there are like a dozen AAA countries. You can guess who they are: https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating

What's your plan for when the debt ceiling is lifted and Yellen market sells $1.5tn in treasuries?