Surveillance: Labor Market Sends Mixed Signals
Bloomberg Surveillance
00:00
The Debt Ceiling Debate
The debt ceiling really represents the first course in a larger period of austerity. Interest costs are surging because of higher interest rates and tax revenues are declining. And that's why you're seeing Treasury so constrained on its ability to raise debt. Once the debt ceiling gets raised, that liquidity may come out and there poses some risk for financial markets.
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