With a few days to go before the U.S. was projected to hit the debt ceiling and run out of funds to pay the nation's bills, House Speaker Kevin McCarthy and President Biden have struck a deal to suspend the debt limit, and Congress is expected to vote as soon as this week. 

Here's what the agreement entails: 

Suspending debt ceiling

Under the deal, the debt limit would be suspended until the first quarter of 2025, beyond the 2024 elections. Rather than raising the debt ceiling by a specific dollar amount, suspending it allows Congress to define a period of time before the debt limit would need to be addressed again. Taking this approach ensures that it can't be used for political advantage during the campaigns. It leaves the next fight over the debt ceiling for the new administration and Congress soon after the 2024 elections.

Apparently the lack of any cap to the debt ceiling is both unusual and very significant. It could lead to a further round of QE even as interest rates rise. Just my thoughts.

Still has to get adopted by and voted on in the House then senate im obviously concerned by the lunatic fringe and trump in the background trying desperately to tank our economy