Debt deal adds fresh headwind to U.S economy already at risk of recession

Financial, The Daily Buzz

The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit. The tentative deal crafted by President Joe Biden and House Speaker Kevin McCarthy over the weekend — assuming it’s…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Property Tax Revenue Climbs as Income Tax Receipts Decline Sharply | Eye On Housing
Lumber Futures – October 3, 2023
The potentials and provocations of mass timber
Designed for comfort with climate in mind: Exploring ‘passive’ homes
Forest sector in transition from high volume to high value: Ralston