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The Complete Debt Ceiling Decision Tree: "An Alarmingly High Probability Of A Very Bad Outcome"

The Complete Debt Ceiling Decision Tree: "An Alarmingly High Probability Of A Very Bad Outcome"

For all the breathless newsflow over the past 7 days, the single most consequential event of last week was the sudden jump in debt ceiling/government shutdown odds following Donald Trump's confrontational Phoenix speech, which laid out a problematic dilemma: Trump's Mexican wall, or a government shutdown. While various financial pundits rushed to discount the odds of a worst case scenario, the market - in Treasury bills, if not so much equities - was spooked, sending the "pre-post default bill" spread to the widest on record...

Sebastian Gorka Resigns From White House Post

Sebastian Gorka Resigns From White House Post

A week after the White House pushed out former chief strategist Steve Bannon, the Trump administration has lost another controversial staffer. The departee this week is Sebastian Gorka, a deputy assistant to the president and former Breitbart employee who was closely allied with the White House’s rapidly shrinking anti-globalist faction. News of Gorka’s resignation was first reported by the Federalist, and later confirmed by Axios and a host of other news outlets.

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