• Senate's Short-Term Deal Raises Debt Ceiling By $480 Billion, Extending Deadline To Dec. 3

    October 7, 2021
    No Comments
    Image by DonkeyHotey

    Please Follow us on GabMindsTelegramRumbleGab TVGETTR

    Update (1140ET): Fox News' senior Hill correspondent and seasoned political reporter Chad Pergram shared some new details about the debt-ceiling deal. The updated bill  (which is technically an amendment) doesn't mention a date and solely authorizes the $480 billion needed for the Treasury to pay debts coming due between now and early December.

    But Pergram's report also shared some new details suggesting that the margin between the "drop dead" date and actual default might be thinner than previously believed.

    According to Pergram's sources, the Treasury started using cash from emergency accounts over the summer, and the deal doesn't include any additional funding to replenish these accounts...

    To read more visit Zero Hedge.

    The Global Media Company Funded By The Common Man!  You Won't Get Anywhere Else What You Get From CDMedia! Donate!  

    Author

    Avatar photo

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of
    guest

    0 Comments
    Inline Feedbacks
    View all comments
    magnifierchevron-right

    Subscribe to our evening newsletter to stay informed during these challenging times!!