Congress Goes Down To The Wire

 

It was a nail-biter in Congress on Thursday. After the last-minute stopgap measure was announced Wednesday night to avoid a government shutdown, Congress made it official on Thursday, keeping current funding going until December 3rd. So you still get your Medicare check! For now.

Treasury Secretary Janet Yellen publicly gave support for scrapping the whole debt ceiling thing altogether. A bill was introduced in May to do just that.

But the infrastructure bill is still TBD. Dems are divided, with some pushing $3.5 trillion for the ten-year plan, some fighting for $1.5 trillion, and some saying none of it is enough. (This is the same Congress that approved a $738.9 billion 2022 defense budget.)

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top