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Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, May 17, 2023
Description: Today's Post - https://bahnsen.co/3OnePfQ
So markets rallied hard today as both sides in this Biden/McCarthy negotiation assured listeners that a default won’t happen. Here’s the lay of the land in the debt ceiling debate:
It is fair to say “deadlines” thrown out for various actors in this are more bark than bite – negotiating tactics and all that stuff.
No one can really say when they have to start prioritizing payments because they don’t know what exactly June 15 tax receipts will look like.
There will be lots of “rounds”...