McConnell “relaxed” to allow a short-term increase in the debt ceiling, the three major U.S. stock indexes all turned up

The Financial Associated Press (Shanghai, Editor Al Le), on Wednesday (October 6), the U.S. Senate minority leader and Republican Mitch McConnell (Mitch McConnell) allowed a temporary increase in the debt ceiling, which will last until the end of November. To reduce the direct risk of default.

McConnell said in a statement on Twitter that he agreed to raise the debt ceiling to a fixed amount for the Treasury Department to pass through December. He added that the senators will continue to discuss the debt ceiling and allow Congress to use normal procedures to extend the emergency debt ceiling.

The Democrats originally packaged the “increasing debt ceiling” and the “3.5 trillion spending bill”, which left the Republicans in the Senate with only two options: either avoid the government shutdown and pass the two bills at the same time; or just watch the Democrats. Adopted unilaterally through the settlement procedure.

In this regard, McConnell wrote, “The Democrats have created inflation, border, Afghanistan and other crises, and now they have to increase the risk of debt default.” He pointed out that “unless the Democrats stop spending plans, talks between the two parties are possible. of”.

McConnell’s expedient measures will ease the pressure on the two parties to reach a compromise before October 18. The Treasury Department originally estimated that the United States would exhaust its emergency measures to pay government bills on October 18.

Affected by this news, the three major US stock indexes reversed their earlier declines, all of which fell more than 1% before. As of press time, the Dow Jones Index rose 0.01%, the S&P 500 Index rose 0.06%, and the Nasdaq Index rose 0.22%.

(S&P 500 Index 5-minute chart source: Tradingview) The yield on the US 1-month Treasury bond fell and is now reported at 0.0684%.