US debt ceiling negotiations clear their first hurdle

Futures markets have reacted with cautious optimism to the fact that President Joe Biden and House Speaker Kevin McCarthy finally reached an agreement on a deal to raise the US debt ceiling this weekend. Nevertheless, they now face the challenge of getting the bill passed by the House of Representatives before 5th June. Our Head of Fixed Income Research, Markus Allenspach, examines the deal and its economic consequences on today’s show.00:14 Introduction by Helen Freer (Investment Writing)00:40 Markets wrap-up by Bernadette Anderko (Investment Writing)05:43 US debt ceiling update by Markus Allenspach (Head of Fixed Income Research)10:03 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.