Here is more on today's rumored debt ceiling deal ...

greenback

Democrats reacted angrily to reports that the White House is cutting a deal with House Republicans to boost the U.S. debt ceiling and reduce deficits by about $3 trillion over 10 years without immediate revenue increases.

President Barack Obama’s team has told congressional leaders it is pursuing such a deal, according to two officials familiar with the talks, as the White House and House Speaker John Boehner of Ohio denied one was at hand.

The officials, who described outlines of the plan on condition of anonymity, said the leaders were told it would cut spending while calling for a future tax overhaul that could raise $1 trillion in additional revenue.

More at:
http://www.bloomberg.com/news/20 ... -paths-to-deal.html

Cobra

greenback 发表于 2011-7-21 23:58
Democrats reacted angrily to reports that the White House is cutting a deal with House Republicans t ...

不排除有人利用一切方法拉高出货的可能。通过debt ceiling，意味着要紧锁开支，也不可能不对富人征税，我没看出来这通过后能利好到哪里去，别忘了，已经没有QE了。

greenback

Absolutely!

On a related news ... S&P have warned that they want to see the conditions in raising the debt ceiling, which should reduce the deficit in a meaningful way. However how to achieve this goal while pleasing all parties in the same time is the stumbling block preventing a deal to be made.