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The bill to raise the debt ceiling passed through the House and now heads to the Senate for a vote. Yahoo Finance spoke to experts, analysts, and economists to discuss the winners and losers from the debt ceiling debate, as well as the chances of the Federal Reserve taking a pause despite ongoing issues with inflation. Joseph Zeballos-Roig, Domestic Policy & Politics Reporter at Semafor, discussed the winners and losers of the debt ceiling fight. Zeballos-Roig said, “Republicans, Democrats are eager to claim wins for both sides, for both of the respective parties.” Former Vermont Governor Howard Dean weighed in on the debt ceiling debate, commenting on President Biden and House Speaker Kevin McCarthy. Dean said, “It’s a big win financially for the country, but it’s also a big win politically for both McCarthy and Biden … we haven’t seen a win like that for a while.” Meanwhile, Maya MacGuineas, President of the Committee for a Responsible Federal Budget, agreed with Dean’s comments. MacGuineas added, “This is the first time in over a decade that we’ve had a budget framework or deal that actually made the fiscal situation better, not worse.” With the debt ceiling bill in the rearview, many investors are now looking ahead to June’s FOMC Meeting. Stifel Chief Economist Lindsey Piegza discussed the Federal Reserve’s willingness to pause. Piegza said, “I think the Fed has indicated a willingness to pause and they still may do so, but I want to be clear, any decision … will be made in spite of the data. The data, particularly the inflation data, do not support a pause at this point.” Video highlights: 00:00:03 – Joseph Zeballos-Roig, Domestic Policy & Politics Reporter at Semafor 00:00:29 – Former Vermont Governor Howard Dean 00:00:41 – Maya MacGuineas, President of the Committee for a Responsible Federal Budget 00:01:12 – Stifel Chief Economist Lindsey Piegza
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