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  • White House and Republican negotiators reached a tentative deal to raise the US debt ceiling and avert a default.
  • The deal must be finalized by June 5 to avoid a historic default.
  • The deal could bolster both Biden and McCarthy politically.
  • The deal could also provoke an attempt by a handful of conservative lawmakers to call a vote to oust McCarthy.
  • The deal is a delicate balancing act for Biden, who needs to avoid alienating progressives while also averting a default.

CRYPTO Pumping - yay 

https://www.bloomberg.com/news/articles/2023-05-28/white-house-republicans-reach-deal-to-avert-historic-us-default

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Comments

Anonymous

What will it meant for Bitcoin ?

Anonymous

Thanks James

Anonymous

It was all theatre

Anonymous

Stirring the crypto market a little bit tonight

Anonymous

Do we know how much they raised it to from 32T ?

Anonymous

If you want to bake a cake, gotta turn up the heat first.

Anonymous

Bitcoin fixes this

Anonymous

Cornpop was a bad dude

Anonymous

Hi James. I thought it would be interesting if you did a quick video on what the price of bitcoin would be in 2020 dollars, and what it would have been at the low in 2020 dollars. Or any other years you might choose. With all the money printing it would be an interesting topic.

Anonymous

Thanks for update!!

Anonymous

Nice concise summary! 👏

Anonymous

Thanks James

Anonymous

More money printing, more inflation. Great job from the so called economic geniuses in charge of the Fed and the treasury 🙄

Anonymous

How? The other option was default, which scared the market and drove bitcoin price lower.

Anonymous

So much drama for nothing

Anonymous

That Biden. What a guy! 🇺🇸🗽💪🏽

Anonymous

😆 they raised it 70+ times before historically

Anonymous

What are the chances that they ironed this out a while ago and are just waiting until now to make it public to increase the drama of it all?

Anonymous

Good for market is all I care about haha. We all knew it would be sorted.

Anonymous

Debt ceiling blah blah blah, more non-sense for the senseless. :|

Anonymous

No real price pump. Could it be ROW doesn't care what we do in the US?

Anonymous

Off topic found this article on the returns for the last 10 years. https://www.axios.com/2023/05/27/nvidia-stock-up-ai-rise-trillion. Nvdia and Tesla on top

Anonymous

Wow, what a surprise

Anonymous

Was there ever any doubt?

Anonymous

Wow, I’m so shocked… not. People fall for this moronic political theatre every time. Of course they’re going to raise the debt ceiling. They have the infinite money printer on their side. The government prints money to pay their bills, the rest of us work for it.

Anonymous

Warren Buffett slammed the last debt-ceiling crisis as a stupid waste of time - and called for the government's borrowing limit to be removed https://finance.yahoo.com/news/warren-buffett-slammed-last-debt-181500259.html

Anonymous

You can’t sell tickets to these shows. That’s all they are. Shows.