A woman interrupts Ron DeSantis during a campaign rally in Lexington. Artie Walker Jr. / AP
The 2024 US election
The attack on Ron DeSantis: "You bloody fascist"
Florida Governor Ron DeSantis, who is seeking to become the Republican nominee in the US presidential election, was interrupted during his campaign speech in Lexington, South Carolina, on Friday. This is reported by several American media.
According to Fox News, it was an audience member who shouted and called him a "damn fascist". The crowd started booing and DeSantis responded:
- We will not let you impose an agenda on our children. We will stand up for our children. Ron DeSantis has faced criticism for the law he pushed through, which makes it illegal to teach about sexual orientation and gender identity to children under the age of nine.
Biden gave a speech on the debt ceiling deal on Friday night. Jim Watson/AP
Right now
Biden has signed the new debt ceiling law
President Joe Biden has signed the new debt ceiling law, writes NBC News. The United States thus averts the threat of state bankruptcy, which according to the Ministry of Finance could have been a fact as early as Monday.
The debt ceiling of roughly 31,000 billion dollars has now been lifted for at least two years, following the settlement between the White House and the Republicans.
In order to pass the law, Biden was forced to drop several of the major spending items he was elected on. Among other things, 1,400 billion dollars for the president's "Inflation reduction act" with investments in green energy, writes NBC.
After a long period of negotiations, the law was finally voted through with a good margin in the House of Representatives on Wednesday and in the Senate on Friday night.
Richard Drew / AP
US debt ceiling
The warning: Debt ceiling agreements will drain the stock market
While Washington rejoices over the increased debt ceiling, strategists on Wall Street are warning of an outflow of a rarely seen type of capital from the stock market, writes Bloomberg.
As President Biden signs the bill into law, the Treasury Department is poised to unleash a tsunami of new bonds on Monday, which is expected to soak up huge amounts of capital from the stock market. The Federal Reserve's continued tightening also contributes to reducing liquidity in the market.
Citigroup's strategists estimate that the S&P 500 could retreat 5.4 percent over the next two months as a result. JP Morgan strategist Nikolaos Panigirtzoglou makes a similar assessment, saying there will be a very large drain on liquidity.
- It is only in serious crashes such as the Lehman crisis that you see a similar contraction, says Panigirtzoglou, according to the news agency.
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