Tuesday, December 8, 2015

Ryan: Short-term spending bill needed to prevent shutdown

Government rarely repays and almost always defaults on it. Default can come through failure of payment or redefining the terms of repayment without negotiation. While the majority doesn't understand the message from history, they will soon. Central bankers, basically the only buyers at the auctions, are intoxicated with debt that the private sector won't touch. In other words, there's no one to take the other side of the trade when it sours.

Headline: Ryan: Short-term spending bill needed to prevent shutdown

WASHINGTON (AP) -- The House will pass a short-term bill to prevent the government from shutting down this weekend, Speaker Paul Ryan said Tuesday.

The announcement from the Wisconsin Republican came as talks on a sweeping $1.1 trillion governmentwide spending bill move slowly just days ahead of Friday's midnight deadline.



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