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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLess likely to see a transactional Trump towards China if he gets a second term: AnalystJon Lieber from Eurasia Group says it is unclear at this stage if Trump will be more transactional or confrontational towards China if he gets elected for a second presidential term.
Persons: Jon Lieber, Trump Organizations: Trump, Eurasia Group Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's pretty clear who the most popular person in the Republican Party is, analyst saysJon Lieber of Eurasia Group says it's Donald Trump.
Persons: Jon Lieber, it's Donald Trump Organizations: Republican Party, Eurasia Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEfforts to oust Kevin McCarthy could dominate U.S. political conversation in OctoberJon Lieber of Eurasia Group says given the current dynamics on Capitol Hill, it is unlikely that there will be much progress in reaching an agreement on Federal budget in the next 45 days.
Persons: Kevin McCarthy, Jon Lieber Organizations: Eurasia Group
As politicians sleepwalk toward a potential debt ceiling crisis, financial markets have begun pricing in a small — but growing — chance of a disastrous default. “The probability of default has gone up noticeably,” Andy Sparks, head of portfolio management research at MSCI, told CNN in an interview. Yellen has used unusually strong language for a former central banker to warn Congress against messing with the debt ceiling. Asked about MSCI’s estimate of a 2% implied probability of a default, Valliere said that number is low. But this is not a typical debt ceiling debate.”Fallback optionsThere are some early indicators of concern popping up in the bond market.
As in 2011, Republicans aim to pair this year's debt-ceiling hike with sharp spending cuts to narrow annual budget deficits that have ballooned in recent years due to tax cuts and COVID-19 relief. 2 House Republican spent hours with Biden trying to find a solution, said the president's no-negotiations stance may prove unsustainable. Any agreement that emerges from that chamber will need bipartisan support, which could prove difficult for a Republican House majority to accept. Some House Republicans protested when McConnell in December 2021 cut a deal to raise the debt ceiling and avoid default. "That's what things like the debt ceiling are built for - they're forcing mechanisms that create an artificial deadline," he said.
Republicans are polling ahead of Democrats as midterms near, especially on economic issues. Polling shows that it's very possible House Republicans win back the majority on November 8 with more than 20 House seats, once the upper range of most analysts' projections, Axios reported last week. In one NBC News poll from last month, voters favored Republicans by nearly 20% on the issue of the economy. "There's nothing — nothing — that would create more chaos, more inflation, and more damage to the American economy than this." "Congressional Republicans have laid out their mega MAGA trickle-down economic plan clearly," the White House said in a Thursday statement.
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