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And Speaker Kevin McCarthy issued the new GOP roster for the House Rules Committee Monday.

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Because the debt cap limits the issuance of government bonds — a way the U.S. borrows money — these workarounds shift money among accounts and should keep the government open through at least June, according to a letter last week by Treasury Secretary Janet Yellen.

Several of China’s largest banks have become more selective about funding real estate projects by local government financing vehicles.

The door -- >> that assumes that -- when we are -- up against the wall like average americans do, you -- reprioritize our finances. like we may pay the mortgage or rent first when we are up against the wall. the government would pay the bond holders first to a void default. that would be -- heinous if they didn't. the president might be making a scarier deal out of this and -- unnecessarily. >> even under your scenario if they partially, you know, couldn't pay their bills and sequence the most important one first, that could last for a while. >> it is not pleasant. not pretty. >> i notion that...