How Biden and Americans would benefit if president signs House Republicans' debt ceiling increase bill
Fox News
House GOP's debt ceiling increase bill gives President Biden the chance to reverse our economic woes and create $2.7 trillion in wealth in the marketplace.
Jeff Yass is managing director and a co-founder of Susquehanna International Group.
If Biden doesn’t sign the bill or negotiate, there will be some chaos and uncertainty in the equity markets. In the end, we predict that stocks would be down 2%. Given the current $45 trillion in capitalization, the loss would be about $900 billion.
Biden’s refusal to negotiate on the debt limit is an unpopular position, according to a recent poll from WPAintelligence, which revealed only 29% of registered voters thought Biden should not negotiate.
More Related News