Traders Predict Government May Run Out of Money in June Due to Debt-Ceiling Worries: Market Extra<\/p>\n
The United States government may run out of money in June due to debt-ceiling worries, according to traders. The debt ceiling is the maximum amount of money that the government can borrow to pay its bills. If the government hits the debt ceiling, it cannot borrow any more money and must rely on its existing revenue to pay its bills. This can lead to a government shutdown or default on its debt.<\/p>\n
Traders are predicting that the government may hit the debt ceiling in June, which is earlier than expected. The Treasury Department had previously estimated that the government would run out of money in September or October. However, the recent stimulus packages and tax cuts have increased the government’s spending, which has accelerated the timeline for hitting the debt ceiling.<\/p>\n
The debt ceiling has been a contentious issue in Congress for years. Republicans have traditionally used the debt ceiling as a bargaining chip to push for spending cuts and other conservative policies. Democrats have argued that the debt ceiling is a necessary tool for the government to pay its bills and avoid defaulting on its debt.<\/p>\n
If the government hits the debt ceiling, it could have serious consequences for the economy. A government shutdown would mean that many federal employees would be furloughed, which would reduce consumer spending and hurt businesses that rely on government contracts. A default on the government’s debt could lead to a downgrade in the country’s credit rating, which would make it more expensive for the government to borrow money in the future.<\/p>\n
Traders are closely watching the situation and are preparing for the possibility of a government shutdown or default. Some traders are buying gold and other safe-haven assets, while others are shorting stocks that are likely to be affected by a government shutdown.<\/p>\n
The situation is still fluid, and it is unclear how Congress will address the debt-ceiling issue. Some lawmakers have proposed eliminating the debt ceiling altogether, while others have suggested raising it to a higher level. Whatever the solution, it is clear that the debt-ceiling issue will continue to be a source of tension in Congress and the financial markets.<\/p>\n
Traders Predict Government May Run Out of Money in June Due to Debt-Ceiling Worries: Market Extra The United States government may run out of money in June due to debt-ceiling worries, according to traders. The debt ceiling is the maximum amount of money that the government can borrow to pay its bills. If the government […]<\/p>\n","protected":false},"author":2,"featured_media":2527031,"menu_order":0,"template":"Default","format":"standard","meta":[],"aiwire-tag":[2443,1484,3194,364,11,2150,18,20,850,21,852,2054,20685,23,368,3200,4786,4787,217,2780,29,219,1770,8988,14648,448,1396,3986,371,4814,2178,19472,13218,37,151,227,1184,5219,3215,7837,2459,3224,3038,5997,2567,687,1406,1196,10423,1411,1611,162,2195,2726,2931,1007,466,2583,50,54,8031,469,55,690,1639,8665,11530,167,56,1423,57,2216,60,885,61,62,2818,4676,692,2090,65,178,693,68,891,5122,5926,395,2739,1348,69,4122,821,697,2676,75,78,184,1258,1259,6146,1263,5,10,7,8,3073,2841,1919,2371,828,830,2679,833,3826,7849,302,192,4626,6028,1548,3850,496,3441,4038,6985,419,199,837,2521,2120,1959,502,4482,1712,2864,10405,107,108,109,205,7280,111,557,2763,2694,3317,2129,28373,1960,1961,429,3946,9,3948,123,124,718,920,126,6],"aiwire":[31023],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2538852"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2538852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527031"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2538852"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2538852"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2538852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}