#MrMarket: The debt-ceiling solution is patience; the inflation solution is unknown. Jim McTague, longtime Washington Editor, Barron's.

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John Batchelor

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🗓️ 27 May 2023

⏱️ 9 minutes

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#MrMarket: The debt-ceiling solution is patience; the inflation solution is unknown. Jim McTague, longtime Washington Editor, Barron's.
https://www.wsj.com/articles/consumer-spending-personal-income-april-2023-b1b57c31?mod=hp_lead_pos3

Transcript

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0:00.0	This is CBS Eye on the World.
0:08.0	Here's John Batchler.
0:10.0	Death ceiling negotiators clash over work rules as deal takes shape.
0:16.0	Rights the Wall Street Journal.
0:18.0	Negotiators racing to strike a deal to limit U.S. spending and raise the death ceiling,
0:24.0	sparring over requiring more people to work to receive federal benefits.
0:29.0	I welcome Jim McTay, former Washington editor of Barons.
0:33.0	Jim's been to this rodeo so many times he cannot entirely count, but I think it's five.
0:39.0	Maybe more, maybe five just in the 90s.
0:43.0	Jim, a very good evening to you.
0:45.0	What is the death ceiling rodeo about for all the presidents you've attended?
0:51.0	Good evening to you.
0:53.0	It's been about politics and campaigns.
0:57.0	We have a presidential election coming up.
1:01.0	The Republican Party is trying to woo independence.
1:05.0	It's really a stunt.
1:09.0	The death.
1:11.0	You've heard this analysis.
1:13.0	We've already appropriated the money.
1:15.0	It's been spent.
1:17.0	The Republicans are trying to suddenly stop the money that some of them actually voted for.
1:21.0	They're trying to force the Democrats into a symbolic reduction of spending in future years.
	...

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