Stocks Surge On Reports Of Possible Debt Ceiling Deal

With Republicans actually willing to do something that doesn’t hurt the country, stocks are heading up after reports of a possible debt ceiling deal.

Wall Street’s strong performance came as House Republicans mulled a proposal to raise the country’s borrowing limit for a short period of time. The deal would eliminate a debt default scenario, for now, and buy lawmakers time to hammer out a broader budget deal. The plan that House Republican leaders pitched to rank-and-file members Thursday would raise the debt ceiling to Nov. 22 and doesn’t contain spending cuts or changes to Obamacare.

By: Cheston Catalano

Cheston Catalano is a Kentucky-based journalist whose work has been featured in the Chattanooga Times Free Press and the Clarksville Leaf Chronicle. He is a long-time contributor to Liberaland.