Kitco daily macro-economic/business digest – May 24

Debt-limit Talks to Go into Next Week as Market, Policy Implications Surface


U.S./China update | Putin challenged | G.T. Thompson on farm bill funding | China & Covid


In Today’s Digital Newspaper


House Speaker Kevin McCarthy (R-Calif.) and his negotiators repeatedly have warned the White House that a deal won’t be possible unless they agree to cut spending next year… not just freeze spending. White House officials offered a spending freeze at FY 2023 levels. McCarthy said that’s not a compromise he’s interested in. One of McCarthy’s chief negotiators added there are no more meetings planned. The impasse means it’s likely the House and Senate will both have to vote on any deal next week. A new CNN poll released Tuesday showed that 60% of respondents thought Congress should cut…



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