US House Passes Debt Ceiling Deal, Investors Relieved.
TL;DR
Financial markets showed little reaction to the US House of Representatives' passage of a debt ceiling deal that would avert global financial turmoil and an all but certain recession. Stocks never fell in the lead-up to the vote based on expectations that Congress ultimately would reach an agreement to avoid default. Investors can return to fretting over a more familiar set of woes -- inflation, Fed interest rate hikes and the risk of a recession.
Topics:nationfinance#debt-ceiling-deal#finance#global-financial-turmoil#investors#recession#stock-futures
- As debt ceiling deal passes House, stock futures take milestone in stride USA TODAY
- Republicans and Democrats who bucked party leaders by voting no The Hill
- House passes debt limit bill, explained Washington Post
- California Dems are angry over these three debt limit concessions San Francisco Chronicle
- Investors relieved after US House votes to suspend debt ceiling; focus turns to Senate Reuters
- View Full Coverage on Google News
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