Toughest negotiation to end debt ceiling/government shutdown looks to be Republicans with themselves
After last night’s meeting at the White House and negotiations at the staff levels, Republican leaders came back with a new proposal for ending the crisis—and it’s actually kind of surprising since it seems a step backwards from an agreement between Republican Speaker John Boehner and the White House.
The White House rejects Republican proposal to end debt ceiling standoff–I don’t think this will reverse ALL of today’s rally
The New York Times and Reuters are reporting at 6 p.m. ET that President Barack Obama has rejected a proposal from Republican leaders of the House to raise the debt limit for six weeks in exchange for a promise that the two sides would sit down to work out a comprehensive budget deal. The White House rejected the plan, the Times is reporting, because it would not end the shutdown of the Federal government.
Yes, there is financial news besides the debt ceiling/shut down: JPMorgan Chase and Wells Fargo report earnings tomorrow morning
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Stocks rally on news of Republican proposal to put off debt ceiling deadline for 6 weeks
U.S. stocks have rallied hard today on hopes that the Republican House and the Democratic White House are moving toward ending the stalemate that threatens to push the U.S. into default on its debt and that has kept the government shut down. The plan floated today by the Republican leadership in the House would include a short-term increase in the U.S. debt ceiling for six weeks—until November 22—in exchange for negotiations with President Barack Obama over the government shut down.
Statoil is still a stock for 2014 (and beyond) but it did just get less risky thanks to a competitor
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Apple’s October 22 iPad launch to overshadow Microsoft and Nokia tablet events
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Wrong again? Sorry Moody’s but the debt ceiling is a big deal
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Could a “solution” in Washington raise the debt ceiling but keep the government shut down?
The good news today for those of us who think risking a U.S. default on government debt is bad news comes in signs of cracks in the united front against raising the debt ceiling unless the Obama administration agrees to defund the Affordable Care Act, “reform” Social Security, rewrite the tax code and more. But I still think we need more panic on Wall Street to push Congress to an agreement
Fear of a U.S. default is rising at the very short end of the Treasury market
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Why to worry: This Senate strategy is the best hope for ending the debt ceiling crisis short of a U.S. default
Today’s hope for avoiding a U.S. default if Congress fails to raise the debt ceiling? A strategy called “jam the House.” The idea would be for Senate Democrats to pass a clean bill to raise the debt ceiling and then send it over the the House where its existence would force Speaker Boehner to call a vote
