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cliffside

(659 posts)
Wed Dec 18, 2024, 10:09 PM Dec 18

Watching Lawrence re the spending bill, government shutdown this weekend, raising the debt ceiling ...

they want to blame raising the debt ceiling on Biden. It does not need to be raised until June.

11 replies = new reply since forum marked as read
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Irish_Dem

(63,910 posts)
1. Trump will go on and on forever about how Biden raised the debt ceiling and gave billionaires a tax cut.
Wed Dec 18, 2024, 10:26 PM
Dec 18

cliffside

(659 posts)
5. Guess that would depend on whether or not the Dems want to play hardball with people's lives ...
Wed Dec 18, 2024, 11:00 PM
Dec 18

it is a hard choice. The Repubs always stick together and somehow come out smelling like a rose.

GoodRaisin

(9,864 posts)
2. People of America are getting to watch how Elon Musk purchased the President.
Wed Dec 18, 2024, 10:37 PM
Dec 18

I hope they are paying attention to what they voted for.

cliffside

(659 posts)
6. Agree with RussBLib below, many never stray too far from outlets that affirm their beliefs :( nt
Wed Dec 18, 2024, 11:04 PM
Dec 18

cliffside

(659 posts)
8. Simple, they will blame it on the Dems, I just switched to Fox News to see what they are saying ...
Wed Dec 18, 2024, 11:16 PM
Dec 18

they are speaking of home invasions in Colorado and have headlines from friendly media from months ago.

Now a reporter started to speak of the government staying open, showing Jeffries saying the Repubs open it... they'll back pedal somehow from that reporter

Back to Homan and the gangs and then Biden's low approval rating ... enough with Fox, but that is what they watch.

It is an establishment/social media war.





cliffside

(659 posts)
11. Fed Cuts Rates, but Projects Fewer Reductions Next Year
Wed Dec 18, 2024, 11:48 PM
Dec 18

full article link

https://www.nytimes.com/2024/12/18/business/fed-meeting-interest-rates.html?unlocked_article_code=1.ik4.xmGQ.mNMOuxeJC7Vh&smid=url-share

".... The Fed’s forecasts make clear that central bankers are poised to slow rate cuts notably starting next year as stubborn inflation lingers — and Mr. Powell made it clear that the Fed wants to see further progress toward cooler inflation to cut interest rates at all.

Markets shuddered at that assessment, with the dollar soaring and stocks plummeting. The S&P 500 index fell nearly 3 percent, its worst tumble since August. The Dow Jones industrial average fell for a 10th-straight day, its longest losing streak since October 1974.

... But Fed officials are also operating in an environment of uncertainty: President-elect Donald J. Trump has been promising to impose tariffs on American trading partners, and those could push prices up and feed into inflation if they become reality.

Some Fed policymakers did count fiscal policy into their economic projections, which could have driven some of the increase in their inflation forecasts. But exactly how much the policies would affect inflation is uncertain..."

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