How worried should we be about a potential government shutdown once we blow through the deadline tomorrow at midnight. Democrats in the Senate, they're filibustering the Republican bud budget bill. They want to extend the health insurance subsidies and the Affordable Care Act, reverse some of the president's recent Medicaid cuts.So far, it sounds like that both sides are pretty intransigent. And if you look at the predictions market, they're currently assigning a roughly 75% odds of a shutdown by Wednesday. ...

weeks after he said he will step back from politics to focus on his businesses, Elon Musk is back in the fray again, publicly bashing this Republican mega bill. In a social media post yesterday, Musk wrote, "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record $5 trillion, that we live in a one party country, the Porky Pig Party." He writes, "Time for a new political party that actually cares about the people." Mus followed up with another post calling for the cr ...

It's very important. If we don't have it, there's a 68% tax increase. If we don't have it, you know, the debt ceiling extension is very important.They gave a debt ceiling. The Republicans gave a debt ceiling because of the importance of doing it. They did that for the good of the country and Republicans voted for that.[Music] We're cutting 1.7%. Let's see. We're cutting Yeah.1.7% trillion. Think of it. I think I just saw the number a little while ago.$1.7% trillion. But we can grow our country so much more ...

Investment Rating - The report does not explicitly provide an investment rating for Thailand's debt ceiling or fiscal policies Core Insights - Thailand's public debt is approaching the ceiling of 70 percent of GDP, raising concerns about fiscal prudence and the adequacy of the current debt ceiling [4][12] - The analysis suggests that the debt limit for Thailand could be in the range of 77-87 percent of GDP, with a midpoint estimate of 82 percent [43] - The current debt ceiling is deemed broadly consistent with the estimated debt limit, but a larger safety margin is recommended to account for contingent liabilities and additional spending needs [46][48] Summary by Sections A. Introduction - Thailand's debt ceiling is set at 70 percent of GDP, raised from 60 percent in 2021 to accommodate COVID-19 related measures [13][14] - The fiscal framework aims to ensure fiscal responsibility and debt sustainability across various public sector entities [13] B. Assessing Thailand's Debt Ceiling - The report employs three approaches to estimate Thailand's debt limit: primary balance and debt dynamics, debt servicing capacity, and impact on growth [30] - The first approach estimates a debt limit range of 80-110 percent of GDP, while the second approach suggests a range of 82-100 percent of GDP based on debt servicing capacity [10][12][37] - The third approach indicates that growth-maximizing debt levels range from 31 to 77 percent of GDP [41] - The analysis concludes that the debt ceiling should be set below the estimated debt limit to provide a safety margin against macroeconomic shocks [45] C. Conclusions and Policy Implications - The report recommends refraining from raising the debt ceiling further and suggests fiscal consolidation to restore fiscal space [52] - It emphasizes the need for improved fiscal rules and transparency to avoid unexpected debt increases [54][55]