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Who won the debt ceiling fight?
Dollar & Sense: The Brookings Trade Podcast
The Treasury's Debt Ceiling and the Economic Impact of the Deal
The Treasury has been borrowing less money than it would have ordinarily because it was bumping up against the debt ceiling. Over the next several months, they're going to have to borrow a lot of money, $600 billion. Usually in these things, it's a lot easier for the markets to adjust when they know what's coming. This isn't a surprise like COVID or a bank failure.
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