You are viewing:-
you're reading...
1.Market Observations

24 Jan 2013 (AFR, Bloomberg) – Pressure on debt ceiling to ease

(24 Jan 2013, p29, Lisa Lerer, Washington, and Bloomberg)

Obama Welcomes ‘De-escalation’ of Debt-Ceiling Debate: Off the Brink

‘The Obama administration is welcoming a move by House Republicans to vote tomorrow on raising the nation’s debt ceiling through mid-May as a “de-escalation” of the fiscal debate, White House press secretary Jay Carney says. “The fact that House Republicans have made this decision is certainly something that we welcome,” Carney said at a briefing. It means they will “back away from the kind of brinkmanship” over the federal debt limit that creates uncertainty for companies and is harmful to the economy.’

‘Carney said the administration still prefers a long-term extension of the nation’s debt ceiling. Still, President Barack Obama “would not stand in the way” if Congress passes the proposal.’

Read more at Bloomberg.com

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: