In particular, Meyer pointed to battleground areas of contention including $ 180 billion in Bush tax cuts, a $ 120 billion payroll tax cut,
debt ceiling deadlines of $ 110 billion and $ 40 billion, another $ 40 billion in extended unemployment insurance and $ 20 billion in taxes for the Patient Protection and Affordable Care Act that the Supreme Court upheld Thursday.
Tough choices lie ahead for the Obama administration if the president and congressional leaders can't reach an agreement by
the debt ceiling deadline of Aug. 2.
For anyone following my tweets, you would have seen on Friday, I bought 20 puts and 20 calls on QQQ knowing that there was going to be a BIG move in the market this week with all
this debt ceiling deadline nonsense.
In particular, Treasury Secretary Mnuchin started talking tax reform and adjusting
the debt ceiling deadline earlier in order to get funds for Hurricane Harvey relief efforts.