Episode 624: The DC Today - Monday, May 22, 2023
The G7 meetings wrapped up in Japan, and the general consensus seemed to be ongoing broad support for Ukraine
The G7 meetings wrapped up in Japan, and the general consensus seemed to be ongoing broad support for Ukraine
Today's Post - https://bahnsen.co/3Mz8Q5k
All eyes are on the talks between Speaker McCarthy and President Biden regarding the debt ceiling and what negotiated bill may or may not be possible. They met earlier today and re-convene this evening.
Over the weekend, President Biden said they were considering invoking the 14th amendment to declare the debt ceiling unconstitutional, something he previously said was a non-option. Most pundits do not believe it will go there, and if it were to, the Supreme Court would certainly have to take it up immediately with almost no chance of the court ruling with the White House.
Discretionary spending caps are reportedly the new sticking point, which is just dumbfounding to me.
(00:00) Introduction (00:45) Markets Today (02:00) Is it Sustainable?
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
David is the Founder, Managing Partner, and the Chief Investment Officer of The Bahnsen Group.
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