Both bitcoin mining difficulty and the outlook for US national debt hit all-time highs this week, as Congress passed not only an increase but an outright suspension of the debt ceiling until January 2025. In exchange, the Kevin McCarthy-led Washington Generals extracted some small spending concessions that will do little to alter the increasingly parabolic path of federal debt, which is set to take another leg up in the near term as the Treasury issues a new ~$1 trillion slug of bills to refill its General Account.
Ten31 Timestamp 792,963
Ten31 Timestamp 792,963
Ten31 Timestamp 792,963
Both bitcoin mining difficulty and the outlook for US national debt hit all-time highs this week, as Congress passed not only an increase but an outright suspension of the debt ceiling until January 2025. In exchange, the Kevin McCarthy-led Washington Generals extracted some small spending concessions that will do little to alter the increasingly parabolic path of federal debt, which is set to take another leg up in the near term as the Treasury issues a new ~$1 trillion slug of bills to refill its General Account.