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i hear some of you guys say is, why didn t biden say what a good deal this is? why would biden say what a good deal it is before a vote? you think that ll help it get passed? no. katrina els told me earlier that investors around the world are welcoming the news. so i think we ve seen a collective sigh of relief coming from international markets as a result of this tentative deal breaking. i think it really cements the fact that we will avoid that more calamitous situation of a us default which would have been absolutely awful for the us economy, but also for really increasing and ramping up those global recession risks, as well. but now that looks like it s off the table, thank goodness. there were worries though that some of these spending cuts that were in this legislation would weigh on the us economy? it ll only affect the margin when it comes to the growth perspective, meaning we are looking at fiscal policy being a bit less supportive over the next couple years, but i

Presidentjoe bidenUnited statesDebt ceiling billKevin mccarthyJune 5thOne step closerWhy didn t biden sayKatrina elsThank goodnessGrowth perspectiveFiscal policySpending cutsNow congressRecession odds aren tEarlyjune deadlineRolls royce