Democrat infighting could doom Biden's twin $4.7 trillion spending plans
Watching the whole fiasco I especially noted the useless macro economists yapping at us. That was the first signal.
Taper scared the crap out of Congress:
WASHINGTON (AP) — Congress is moving to avert one crisis while putting off another with the Senate poised to approve legislation that would fund the federal government into early December.
The House is expected to approve the measure following the Senate vote Thursday, preventing a partial government shutdown when the new fiscal year begins Friday.
Democrats were forced to remove a suspension of the federal government’s borrowing limit from the bill at the insistence of Republicans. If the debt limit isn’t raised by Oct. 18, the country would likely face a financial crisis and economic recession, says Treasury Secretary Janet Yellen. Republicans say Democrats have the votes to raise the debt ceiling on their own, and Republican leader Mitch McConnell is insisting that they do so.
So there went my four figure check. Also, Powell is forced to follow through on taper. And AOC, my favorite leftist, learned a lesson in American government.
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