So they didn’t raise the debt ceiling after all. They suspended it “temporarily” … 😂
“U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.”
https://www.reuters.com/world/us/mccarthys-next-challenge-sell-debt-ceiling-deal-congress-2023-05-28/
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Oh wait they are literally removing the debt ceiling limit temporarily till 2025? As in unlimited spending for the next 1.5 years. This didn't click in my head because it would so outrageously irresponsible.
Sounds to me excactly like it.
Maybe this view explains it further for you.


Bitcoin News
Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years
Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the debt ceiling
Looks like a job for Bitcoin.