{"id":52126,"date":"2021-10-07T00:31:15","date_gmt":"2021-10-06T20:31:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52126"},"modified":"2021-10-07T00:46:56","modified_gmt":"2021-10-06T20:46:56","slug":"mcconnell-offers-short-term-debt-ceiling-extension","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/mcconnell-offers-short-term-debt-ceiling-extension\/10\/07\/market-updates\/","title":{"rendered":"McConnell offers short term debt ceiling extension"},"content":{"rendered":"\n<p>The Dow Jones Industrial Average rallied after President Joe Biden met with top CEOs, spurring a GOP debt ceiling offer.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The debate on the U. S. debt ceiling has eased after Senate Minority Leader Mitch McConnell offered on Wednesday a short-term suspension to avert a national default and economic crisis until Democrats are able to pass a more permanent solution before the end of the current year.<br><br>\u201cTo protect the American people from a near term Democrat created crisis, we will also allow Democrats to use normal procedures to pass an emergency debt limit extension at a fixed dollar amount to cover current spending levels into December\u201d, McConnell tweeted.<br>  <br>This development came as President Joe Biden and Democratic leaders in Congress exercised pressure on Republicans to act on the debt limit.<br><br>The stopgap offer by McConnell would take some pressure off both parties to reach a compromise by 18 October when the Treasury Department estimates the U.S. will otherwise exhaust its emergency efforts to pay the government\u2019s bills.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average rallied after President Joe Biden met with top CEOs, spurring a GOP debt ceiling offer. The debate on the U. S. debt ceiling has eased after Senate Minority Leader Mitch McConnell offered on Wednesday a short-term suspension to avert a national default and economic crisis until Democrats are able to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":30884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7487,7589,7691,7588,7414],"class_list":["post-52126","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-debt-ceiling","tag-democrats","tag-mcconnell","tag-republicans","tag-senate"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52126"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52126\/revisions"}],"predecessor-version":[{"id":52132,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52126\/revisions\/52132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30884"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}