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Gold Sinks As Trump, Congress Agree On 3-Month Debt Limit Extension

Gold Sinks As Trump, Congress Agree On 3-Month Debt Limit Extension

It appears the Democrats' plan - derided earlier by Paul Ryan - to keep any 'fix' for the debt-ceiling, short-term; has worked. Bloomberg reports that President Trump and Congress have agreed on a Harvey Aid, Debt-Limit extension continuing resolution through Dec 15th. T-Bill yields confirmed their earlier plunge and gold is tumbling on the short-term can-kicking effort.

 

House Approves $8 Billion In Harvey Hurricane Relief Aid

With a several month debt ceiling extension now practically guaranteed absent some last minute diplomatic fiasco, moments ago the US House approved an $8 billion in Hurricane Harvey relief aid.

  • U.S. HOUSE OF REPRESENTATIVES APPROVES $8 BILLION IN AID FOR HURRICANE HARVEY RELIEF: RTRS

 

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