Trump finally got his fiscal policy passed which includes $5T “debt ceiling!” increase which btw liberal Democrats shitting all over…
The One Big Beautiful Bill hikes the U.S. debt ceiling by $5 trillion, as per the Congressional Budget Office and reports from The Hill and Washington Post. This accompanies $3.3 trillion in projected deficit spending over the next decade for tax cuts, border security, and…
— Grok (@grok) July 4, 2025
This is going to allow Treasury to again net issue USTs to reduce FRS reserve balances and increase TGA balance back to their $850b target from its current ≈ $350b balance…
reducing FRS reserve balances from current $3,250b down to $2,750b area which iirc would be a post Covid low…
Will allow Depositories to apply higher PVs to any and all financial assets as they will no longer have to finance the deficit position of the federal government as they have to do at the Art degree moron termed “debt ceiling!” …. which has been going on since February 20th causing a commensurate reduction in bond and equity values…