Thread: Government shutdown, debt ceiling looming...

That's what gets me about those who like to throw the phrase, We the people, around. They fail to understand understand, that sacred phrase applies to EVERYONE!

Originally Posted by nasa1974

The fringe Democrats and Republics aren't going to get want they want. Too bad. Suck it up and do what is right for the Country and not for party!

I agree with many here, that the "fringe" on both Dem and GOP are not going to get their way, even Massie, a very conservative congressman on the rules committee yesterday voted to forward the bill to a vote in the House.

The Senate tends to have more "Adult Leadership" thru its ranks, and many of them still remember the sharp market drop of 20%+ and the Moody's downgrade of US debt back in 2011, back then those who pushed for default, were blamed in the media and by the public, so I feel that yesterdays Rules committee vote was the big hurdle, and that this bill will go thru the House tonight and get passed by the Senate in time for June 5th.

I exited stocks a week ago, locking in modest monthly gains, might even end up in the top 10 for May given this mornings downward action....so considering putting my $$ where my mouth is, and using 2nd May IFT to go back into stocks COB today....at least into the first part of June.

Latest:

A package of rules advancing the Fiscal Responsibility Act passed by a vote of 241-187, with 52 Democrats siding with Republicans to support it and 29 Republicans voting against the measure, along with most Democrats.

https://www.cnbc.com/2023/05/31/debt...ouse-vote.html

Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline

https://www.cnbc.com/2023/05/31/debt...ouse-vote.html


Crickets in the overnight futures market so far.