tldrdaily.news logo
Tag

Us Debt Ceiling Talks

All articles tagged with #us debt ceiling talks

finance2 years ago

Debt ceiling talks end with no deal, leaving markets mixed.

Asia-Pacific markets were mixed as talks between U.S President Joe Biden and House Speaker Kevin McCarthy ended without a deal. New Zealand's central bank is expected to raise its benchmark policy rates to 5.5% when it meets Tuesday. Japan's manufacturing sector recorded an expansion for the first time in seven months, according to flash estimates by the au Jibun Bank. Cryptocurrencies were flat to start the week as movements in stocks and bond yields continued to push and pull on crypto prices. Shares of Micron Technology fell more than 3% amid news that China will restrict some sales of the memory chipmakers' products.

via CNBC|
#asia-pacific-markets#cryptocurrency#finance
energy2 years ago

Oil's Volatility Continues Amidst Debt and Supply Concerns

Oil prices fell due to concerns around the US debt ceiling talks and China's faltering economic recovery, offsetting support from lower supplies from Canada and OPEC+ producers. The resumption of US debt ceiling negotiations will remain a key driver for crude and risk sentiment this week. Total exports of crude and oil products from OPEC+ plunged by 1.7 million bpd by May 16, and Russian oil exports will likely fall by late May. The US oil rig count fell by 11 to 575 in the week to May 19, the biggest weekly drop since September 2021.

via Reuters|
#chinas-economic-recovery#energy#oil-prices
finance2 years ago

Market Uncertainty Looms Amid Debt Ceiling Talks and Retail Earnings

Asia-Pacific markets traded mixed as China left its loan rates unchanged and talks on the U.S. debt ceiling are set to resume. South Korea's exports fell 16.1% YoY in May, while Japan's core machinery orders fell 3.9% MoM in March. Meanwhile, Federal Reserve Chair Jerome Powell said interest rates may not have to rise as much as previously thought due to stresses seen in the banking sector, and New York Federal Reserve President John Williams said the "era of very low" interest rates remains intact.

via CNBC|
#asia-pacific-markets#china#federal-reserve
energy2 years ago

Oil Prices Fluctuate Amidst U.S. Debt Talks and Bullish Sentiment

Oil prices are set for their first weekly gain in a month due to optimism surrounding US debt ceiling talks and gasoline demand. Western countries have called for increased surveillance over ship-to-ship crude transfers, Alberta wildfires are threatening oil sands production hubs, and Equitrans Midstream's Mountain Valley pipeline has been approved by the Biden Administration. Russia claims to have fulfilled its pledge to cut crude production, Saudi Aramco has halted its Safaniyah oil field expansion, and Chinese firms are eyeing investment in Woodside Energy's Scarborough LNG project.

via OilPrice.com|
#alberta-wildfires#energy#equitrans-midstream
politics2 years ago

Debt ceiling talks and the 14th Amendment: Updates and perspectives.

The ongoing US debt ceiling talks between President Biden and House Speaker Kevin McCarthy have yet to yield a deal, but potential areas of compromise are emerging. These include limits on federal spending and Democratic openness to clawing back unspent money from COVID relief bills. Energy permitting reform is also on the table, with the White House seeing an opportunity to make a deal on the complex issue. However, there are still disagreements on where cuts should fall and some proposals, such as work requirements on low-income Americans and reversing funding for the IRS, are unlikely to gain traction. Despite the short timeline, there is some optimism that leaders are beginning to think about what a deal could look like.

via Yahoo Finance|
#bipartisan-deal#covid-relief-bills#energy-permitting-reform