Short-term rates traders are girding for a bumpy road ahead, as the U.S. debt ceiling looks poised to return on Aug. 1 while Congress so far has no clear plan to increase it meaning federal government borrowing could soon get tricky.
Toward the top of the list of worries among traders: the U.S. is likely to reduce issuance of bills which are already in short supply as investors scramble for places to park cash because the Treasury Department needs to dramatically reduce its cash balance this month.
The debt ceiling was suspended for two years in July 2019. If Congress doesn’t increase that limit on U.S. borrowing or suspend it again, then Treasury will be forced to deploy extraordinary measures to keep paying its debts. Politicians have in the past decade used threats of not raising the debt ceiling to get concessions on other matters.
«إسعاف دبي» تبتكر مخزن أدوية متنقلاً لخدمة زوَّار «إكسبو 2020»
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Inadequate planning leaves UK at mercy of killer heatwaves
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Griffith leads gender inclusion with program in Laos
Virtual graduation ceremony for the completion of the Leadership for Gender Inclusion program with representatives from the Australian Embassy, Laos Australia Institute, Griffith University, Gender Development Association and selected participants.
Participants in a recent 10-week Leadership for Gender Inclusion program delivered by Griffith University in Laos with funding from the Australian Government have praised the unique opportunity.
Dee Yang, from Luang Prabang in northern Laos, said the course offered the chance to really impact local communities.
“Gender issues need to get the attention from us, and we, as men, should give the space to women to raise their voice in our community,” he said.
Griffith University: Griffith leads gender inclusion with program in Laos
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