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Stock impact report

US House passes debt ceiling deal as default threat looms [Reuters]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Reuters
Volume 0% The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden's desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills. Biden expects to have the bill on his desk in time to avoid a default that would cripple the U.S. economy and unsettle world financial markets. The measure, a compromise between Biden and House Speaker Kevin McCarthy, drew opposition from 71 hardline Republicans. That would normally be enough to block partisan legislation, but 165 Democrats backed the measure and pushed it through. Republicans control the House by a narrow 222-213 majority. The legislation suspends - in essence, temporarily removes - the federal government's borrowing limit through Jan. 1, 2025. The timeline allows Biden and Congress to set aside the politically risky issue until after the November 2024 presidential election. It would also c Show less Read more
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