Giacomo Bagnara What’s Up? (Jan. 15-21) The U.S. Hits Its Debt Ceiling The United States hit its borrowing cap of $31.4 trillion on Thursday, setting the stage for a bitter fiscal fight in Congress over raising the limit. Treasury Secretary Janet L. Yellen said the government would take “ extraordinary measures ,” at least until early June, to keep paying its bills. Democrats and the White House , as well as forecasters and economists, have warned that the nation risks a financial crisis and other dire economic scenarios if lawmakers do not raise the limit before the Treasury Department exhausts its ability to buy more time. But Republicans have said that they will not raise the borrowing limit again unless President Biden agrees to steep cuts in federal spending. “Samcoins” and FTX’s Final Days As the government continues building a case against the founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, more details are emerging about the workings of the exchange. Rivals said that Mr. Bankman-Fried often promoted digital currencies, known as “ Samcoins .” Mr. Bankman-Fried was said to use his influence to persuade people to buy large quantities of the coins, inflating their value artificially, to make […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
