- September 30, 2021
- Posted by: Stratford Team
- Category: Business
Navellier & Associates founder Louis Navellier argues the debt on budget deficit is larger than the U.S. defense department budget, which will result in low interest rates.
U.S. stock futures were pointing to gains on the final day of the third quarter as the Senate reached a deal to avoid a government shutdown.
Dow Jones Industrial Average futures rose 119 points, or 0.35%, while S&P 500 futures and Nasdaq 100 futures advanced 0.36% and 0.4%, respectively.
The Senate reached a stopgap deal overnight that would fund the government until early December. Congress must pass the bill before midnight to avoid a shutdown. Lawmakers must still raise the debt ceiling by Oct. 18 to prevent the U.S. from defaulting on its debt.
SCHUMER SAYS DEAL REACHED FOR VOTE TO AVOID GOVERNMENT SHUTDOWN
Additionally, House Speaker Nancy Pelosi is still trying to iron out plans to bring both infrastructure bills up for vote in the lower chamber.