US will hit the debt limit on Tuesday, January 21st.

Posted: Jan 18, 2025

  • Yellen advises US Treasury to begin "extraordinary measures" related to debt ceiling
  • Possible SPY put play on Tuesday suggested by poster
  • No specific company tickers mentioned
  • US will reach $36 trillion debt limit on Tuesday, extraordinary measures will be taken to allow government to pay bills
  • Congressional Republicans are divided on how to address the debt ceiling, may need Democratic support
  • House Speaker Mike Johnson facing resistance from fiscally conservative members
  • Previous GOP-led package to suspend the cap into January 2027 failed
  • Debt ceiling had been suspended until January 2 but was not hit due to technical quirk
  • FTC claims Pepsi hurt small businesses by giving financial advantages to big-box retailer (Walmart)


What do people on Reddit think?

🚨 Reddit sentiment: mixed/negative - The comments reflect mixed sentiments with a tendency towards negative views on the seriousness of the debt limit issue, yet there is no consensus on potential negative consequences. Summarized comments: - Many comments express skepticism that the U.S. will actually hit the debt limit, suggesting it is an artificial construct - Some users joke about personal credit card debts in relation to the U.S. debt limit - There is a general sentiment that the debt limit will just be increased, as it has little real consequence - A commenter notes that national debt isn't comparable to personal debt because the U.S. can print money and the dollar is backed by military power



Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!