The Trader 

Market Outlook: Deadline on the dashboard

The Trader

Every few years the US government goes through the charade of worrying about reaching the its public debt ceiling.  Treasury secretary Mnuchin knows this and if an increase in the debt ceiling is not decided by the 30th September he will have to deal with a nation in default.  At yesterday’s rally in Phoenix President Trump said, ‘I think we’ll end up probably terminating NAFTA at some point’ and continued, ‘if we have to close down our government, we’re building that wall [along the Mexican border]‘.

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