Divided they stand

NAB Morning Call · May 22, 2023 · 15m

Tuesday 23rd May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIf you look at Kevin McCarthy’s twitter feed you’d assume he is taking a very defiant stand against the Biden administration when it comes to movement on the US debt ceiling. But JBWere’s Sally Auld says that reflects the stakeholders he has to pacify, and you’d hope he’d be more conciliatory in the negotiations underway. But they’ll have to be quick if they want to reach a resolution and pass any necessary legislation before the default, yet markets remain clam, presumably…