Turkey’s President Erdogan has won the runoff election yesterday. His victory will make Putin happy.
All the Asian markets opened higher today because of the debt ceiling deal.
SUMMARY OF DEBT CEILING DEAL:
Debt ceiling to be raised to cover deficit spending for 2 years
Spending cuts of $50 billion, just 0.2% of GDP
$10 billion removed from the recent budget increase for IRS
No budget caps after 2025
No new taxes or government programs
Boost in defense and VA spending
Domestic program spending is frozen for one year