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IPFS News Link • Economy - Economics USA

Luongo: We Have Entered The Eye Of Davos' Storm

• Zero Hedge

Authored by Tom Luongo via Gold, Goats, 'n Guns blog,

Congress recessed for the summer passing neither the infrastructure nor spending bills that were the focus of all of Washington's attention for weeks thanks to Krysten Sinema from Arizona. She personally torpedoed the Biden Administration's signature piece of legislation that took months to wrangle to that point and then gave the whole thing a big John McCain-like thumbs down.

The debt ceiling suspension put in place under Trump has not been renewed. We are currently more than $6 trillion over it as I type this.

Fungal President Joe Biden looked up from his jello cup long enough to implore Congress to extend the eviction moratorium for those behind on rent and mortgage payments which has been in place for more than a year. Estimates are 6.5 million people will now face eviction who are behind on their rent.


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