Erste Asset Management Investment Blog

1 results for keyword "Kevin McCarthy"

Article on tag "Kevin McCarthy"

“Brinkmanship” – Agreement on Debt Ceiling
“Brinkmanship” – Agreement on Debt Ceiling
(c) EVELYN HOCKSTEIN / REUTERS / picturedesk.com

“Brinkmanship” – Agreement on Debt Ceiling

The representatives of the Democrats and the Republicans have reached an agreement in the dispute over the debt ceiling in the USA. The cap of $31,400 billion is to be suspended until 2025. Subject to approval in the House of Representatives and Congress, the agreement is positive for the financial markets. However, another effect could weigh on the markets further down the line.