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Debt ceiling fears are casting a shadow over Fed plans

“However, any attempt by conservative Republicans to advance their broader public spending agenda in a debt ceiling bill would likely be immediately rebuffed by Democrats” writes unknown author for cnbc.com. Rightwing Republicans, including the Freedom Caucus, have said they will only sign up to legislation addressing the debt ceiling if they get tough conditions on spending attached.On top of this, the Trump administration has been sending confused signals over its debt ceiling strategy.The Treasury bumped up against the debt limit in March, so it has since then been using so-called “extraordinary measures” to buy Congress more time to act on the debt limit.Mr Mnuchin has been calling for a “clean” bill increasing the debt limit, without any conditions attached.
 
Source: cnbc.com



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